Navigator Holdings Ltd. changes corporate domicile from Marshall Islands to England
What happened
Navigator Holdings Ltd. announced a merger with its English subsidiary, Navigator Gas plc, and a merger sub. This transaction allows the company to change its corporate domicile from the Marshall Islands to England and Wales. The resulting parent company intends to list its shares on the NYSE under the existing NVGS ticker symbol.
From manilatimes.net
Why it matters
The change aims to bring the company’s corporate structure closer to its operating structure, which includes its executive office and senior management in the United Kingdom. The move is expected to provide the company with the benefit of a well-developed legal and governance framework.
From manilatimes.net
Who's involved
- EnglandThe new jurisdiction for the company's corporate domicile.
- Marshall IslandsThe previous jurisdiction of the company's corporate domicile.
- companyThe legal entity executing the change of corporate domicile.
Keep exploring
The entities involved
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England
country in north-west Europe, part of the United Kingdom
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Marshall Islands
country near the equator in the Pacific Ocean