Business
Posting of Circular & Notice of EGM
Posting of Circular & Notice of EGM.
About this update from Breedon Group Plc
[{"type":"text","content":"\n \nRNS Number : 8278J Breedon Group PLC 21 August 2019 \n\n \n \n \nNews release\n \n21 August 2019\n \n \nBreedon Group plc\n(\"Breedon\" or \"the Group\")\n \nPosting of Circular and Notice of EGM\n \nBreedon Group plc, a leading construction materials group in Great Britain and Ireland, announces that a circular (the \"Circular\") and notice of Extraordinary General Meeting have been posted to shareholders in connection with a proposed amendment to the Group's Articles of Association.\n \nThe Board intends to move the tax domicile of the Group from Jersey to the United Kingdom with effect from 1 September 2019. The Board believes that the Group gains little benefit from being tax domiciled in Jersey, and bringing the Company's tax residency onshore should be more efficient and beneficial from a management perspective. The Company will, however, remain incorporated in Jersey with its registered office remaining at 28 Esplanade, St Helier, Jersey JE2 3QA.\n \nAs a result of the proposed move, the Group will no longer be required from a tax perspective to make its corporate decisions in Jersey and the Group is therefore proposing to amend its Articles of Association to reflect this, with effect from the passing of the proposed resolution. The resolution to amend the Group's Articles of Association will be proposed as a Special Resolution, requiring at least two thirds of the votes cast to be in favour for the resolution to be passed.\n \nThe Extraordinary General Meeting will take place at the offices of Travers Smith LLP, 10 Snow Hill, London EC1A 2AL on Monday, 9 September 2019 at 11.30 a.m. The Circular and Notice of EGM are available to b...