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Randall and Quilter Investment Holdings PLC Intends to Redomicile Group's Holding Company from United Kingdom (UK) to Bermuda

Thursday, 25 Apr 2013 02:01am EDT 

Randall and Quilter Investment Holdings PLC announced that the Company intends to redomicile the holding company of the Group from the United Kingdom (UK) to Bermuda (the redomicile). This follows a period of consultation with certain of Randall & Quilter's shareholders and unanimous approval by the Board of Directors (the Board). Under the redomicile proposal, all existing shares in Randall & Quilter will be exchanged for shares in Randall & Quilter Investment Holdings Ltd (R&Q Bermuda), a company that has been incorporated in Bermuda to become the new holding company for the Randall & Quilter group of companies (the Group). The proposed redomicile will be implemented by way of scheme of arrangement sanctioned by the high court of England and Wales (Court) and will therefore be subject, amongst other things, to approval by Randall & Quilter shareholders at a general meeting, approval by Randall & Quilter shareholders at a separate Court convened meeting and sanction by the Court. These two shareholder meetings are intended to be held at the same time as Randall & Quilter's annual general meeting for 2013, on or about June 12, 2013. If shareholders approve the redomicile proposals at the shareholder meetings and the scheme is subsequently sanctioned by the Court, it is currently envisaged that the scheme would take effect and that R&Q Bermuda will be admitted to trading on the AIM Market of the London Stock Exchange in early July 2013. 

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19 Dec 2014