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Michael Hill to Restructure for Australia Listing
Jun 22, 2016 8:36 AM
By Rapaport News
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RAPAPORT... Michael Hill will move its primary stock-exchange listing to
Sydney next month and set up a new parent company that will be incorporated in Australia.
The jeweler, which traces its roots back to New Zealand, has
over time shifted most of its key functions to Australia, the company said in
January when it announced it was considering
the move.
The listing on the Australian Securities Exchange (ASX) will
be effective July 7, subject to a shareholders’ vote scheduled June 23 in
Auckland, New Zealand. If shareholders approve the move, a newly incorporated
Australian company will become the new parent company of the group and list on
the ASX. It will be called ‘MHI Australia’ but will be renamed Michael Hill
International Limited.
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Tags:
ASX, Australia, Australian Securities Exchange, Michael Hill, New Zealand, Rapaport News
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