The High Court of England and Wales has approved the scheme of arrangement between Randall & Quilter Investment Holdings to redomicile its holding company from the UK to Bermuda.
The scheme has been finalised under sections 895 to 899 of the Companies Act 2006 at the scheme sanction hearing.
Pursuant to the scheme, 70,966,335 old R&Q shares have been cancelled, and trading of such shares on the AIM market of the London stock exchange will cease at 8am on 5 July.
Scheme shareholders have received one new R&Q share of two pence each for every one old R&Q share held by them.
Old R&Q has been re-registered as a private company limited by shares and is now wholly owned by the new Bermuda based holding company.
