19th Jun 2025 10:56
B&M European Value Retail SA - Luxembourg-based variety goods value retailer in UK and France - Calls extraordinary general meeting for July 22, the same day as its annual general meeting, for shareholders to approve moving the company's domicile to Jersey from Luxembourg. Back in January, B&M had said it was considering either Jersey or Ireland. On Thursday, B&M explains that the migration of domicile will simplify its corporate and administrative structure, while providing greater flexibility for returning capital to shareholders, including through share buybacks. It also will become subject to the UK takeover code. B&M says it will retain its London listing and eligibility for inclusion in FTSE UK indices, though its ISIN number will change. The move is expected to take place in the second half of the year. Read More
