Corporate ActionJun 25, 2026, 05:17 PM
Gates Shareholders Approve Redomiciliation to Bermuda
AI Summary
Gates Industrial Corporation plc shareholders approved the company's redomiciliation from England and Wales to Bermuda. This approval was obtained at two shareholder meetings held on June 25, 2026, where a scheme of arrangement was passed. The redomiciliation will result in the issuance of new common shares of Gates Industrial Corporation Ltd. to existing shareholders on a one-for-one basis, making Gates Industrial Corporation a wholly-owned subsidiary of the new entity.
Key Highlights
- Shareholders approved the redomiciliation from England and Wales to Bermuda.
- Court Meeting Resolution passed with 232,587,896 votes for.
- General Meeting Scheme Proposal passed with 231,699,745 votes for.
- Reduction of Capital Proposal passed with 231,691,572 votes for.
- New Share Issuance Proposal passed with 231,662,636 votes for.
- Articles Amendment Proposal passed with 231,674,594 votes for.
- New Gates Shares will be issued to existing shareholders on a one-for-one basis.
Price Impact
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