Virgin Media considers UK secondary listing: report

By @ibtimes on

British-based, U.S.-listed cable operator Virgin Media is considering a secondary listing of its shares in London to attract UK-based investors, according to a report in the Times newspaper.

The company has been reviewing its listing as it examines its capital structure and will make an announcement when it releases second-quarter results this month, the paper said in its Monday edition.

The company is not planning to move its primary listing as this would trigger a tax liability, the paper added.

Virgin Media could not immediately be reached for comment.

(Reporting by Laurence Fletcher; Editing by Richard Chang)

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