The move would make the Irish corrugated giant eligible to join the FTSE 100 index.
The company said it has proposed transferring the listing category of its ordinary, London-listed shares from a standard to a premium listing on 25 April and, at the same time, change the category of its Ireland-listed shares to a standard from a premium listing.
According to statement from the company, the change would, “further enhance the company’s profile and access to a wider investor base.”
Smurfit’s market capitalisation is around £4.1bn, which would leave it set to join the FTSE 100 when the next quarterly review of the indices occurs in June.
The Irish Stock Exchange has seen top names such as Greencore and CRH move their primary listings in the wake of Ireland’s 2010 banking crash and Irish betting firm Paddy Power moved its primary listing to the LSE following its merger with Betfair earlier this year.
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