(11 December 2006 – UK) National Australia Bank has applied to cancel its listing on the London Stock Exchange (LSE), which will take effect next year on 17 January.NAB group chief executive officer John Stewart said the decision to de-list the bank from the LSE was another step in streamlining operations and would not affect the bank’s business in the UK.
He said NAB was fully committed to its staff, customers, shareholders and communities in the UK and the bank would continue to grow its business in the region.
Stewart said increasing globalisation meant it was no longer necessary to maintain a separate listing for UK trading of NAB shares.
The UK register shows NAB has about 13,500 shareholders holding a total of 6.7 million ordinary shares.