Integrity Software Inc announced on Friday a merger with an unspecified UK company that its says will re-domicile the business outside of the US, subject to shareholder approval. In a statement the company said that the merger will have no effect on the operations of the business but will move all the subsidiary companies into a UK holding company, which has been incorporated specifically for the purpose. It adds that the restructuring will save the company considerable cost over the coming years.
The transaction has the unanimous support of Integrity’s board of directors and will be ratified at an EGM to be held on 13 December 2002. The majority of shareholder’s support is said to have been secured for the merger.
25-Nov-2002
