In October 2010, New World Resources N.V. ('NWR NV') announced its intention to move its domicile from the Netherlands to the United Kingdom. The rationale of this step was to enable NWR to become a constituent of the UK FTSE index series. The redomiciliation process included a share-for-share recommended exchange (the 'Recommended Share Offer') where shareholders of NWR NV were given the opportunity to exchange their shares into the shares of the newly established entity, New World Resources Plc ('NWR Plc'). The process was largely completed in May 2011 when NWR Plc shares were admitted to the London, Prague and Warsaw Stock Exchanges. In June 2011, NWR Plc was included in the FTSE 250 and FTSE 350 Mining indices. 0.22% of NWR NV’s share capital remained subject to Squeeze Out Proceedings under Dutch law, which came to a close in October 2012. NWR Plc remains headquartered in the Netherlands and remains a Dutch tax resident. Please refer also to Shareholder Structure for further detail.
NWR believes the redomiciliation process has been a positive long-term step for its shareholders improving the overall liquidity and risk profile of the stock.
Published documents related to the Recommended Share Offer and the Squeeze Out Proceedings are below.