Corporate ActionJun 26, 2026, 04:13 PM
Marex Group Redomiciliation Approved by Court; New Shares to Trade July 1
AI Summary
Marex Group plc announced that the High Court of Justice of England and Wales has approved its statutory scheme of arrangement for redomiciliation. This scheme, previously approved by shareholders, will make Marex Group Limited, a Bermuda company, the new parent holding company. The redomiciliation is expected to become effective on July 1, 2026, with existing Marex shares being cancelled and exchanged for new Marex Group Limited shares on a one-for-one basis. The new shares will begin trading on Nasdaq under the same ticker symbol (MRX) from July 1, 2026.
Key Highlights
- High Court of Justice of England and Wales approved the statutory scheme of arrangement.
- Scheme was previously approved by Marex shareholders on May 21, 2026.
- Marex Group Limited, a Bermuda company, will become the new parent holding company.
- Redomiciliation is expected to be effective and consummated on July 1, 2026.
- Each Marex ordinary share will be cancelled for one ordinary share of New Marex.
- Last day of trading for Marex Ordinary Shares on Nasdaq will be June 30, 2026.
- New Marex Ordinary Shares are expected to begin trading under MRX (CUSIP G5T40M104) on Nasdaq from July 1, 2026.
Price Impact
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