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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.
Tags: ASX, Australia, Australian Securities Exchange, Michael Hill, New Zealand, Rapaport News
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