Corporate ActionJul 20, 2026, 07:46 AM
Gates Industrial Completes Redomiciliation; New Shares Listed on NYSE
AI Summary
Gates Industrial Corporation plc (Old Gates) completed its redomiciliation, making it a wholly-owned subsidiary of New Gates Industrial Corporation Ltd. (New Gates). Old Gates shareholders received New Gates shares on a one-for-one basis, with 253,151,170 new shares issued. As a result, Old Gates shares were delisted from the NYSE, and New Gates shares began trading under the symbol "GTES" on July 20, 2026. The executive officers of Old Gates transitioned to New Gates with the same titles, and John S. Patouhas was appointed Principal Accounting Officer.
Key Highlights
- Redomiciliation completed on July 20, 2026, making Old Gates a wholly-owned subsidiary of New Gates.
- Old Gates shareholders received New Gates shares on a one-for-one basis.
- 253,151,170 New Gates Shares were issued in connection with the Redomiciliation.
- Old Gates shares were delisted from the NYSE at the close of trading on July 17, 2026.
- New Gates shares began trading on the NYSE under "GTES" on July 20, 2026.
- Executive officers of Old Gates transitioned to New Gates with the same titles.
- John S. Patouhas appointed Principal Accounting Officer of New Gates.
Price Impact
More from GTES