GSK: Haleon demerger now effective
(CercleFinance.com) - The GSK Group today announced that it has completed the demerger of its Consumer Healthcare business to form Haleon.
Haleon's shares were admitted to the Premium Listing segment of the Official List this morning and to trading on the Main Market of the London Stock Exchange.
It is anticipated that American Depositary Shares (ADSs) representing Haleon shares will open for regular trading on the New York Stock Exchange when the market opens on Friday 22 July 2022.
These Haleon ADSs will, however, begin trading on a pre-issue basis on the NYSE from the opening of trading today through Thursday, 21 July 2022. Each Haleon ADS represents two Haleon ordinary shares, GSK said.
Whatever the metrics, GSK shares are in a spin today, down almost 20% in London.
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