Today’s General Meeting of OXO Technologies Holding approved the transfer of the Company’s headquarters from Budapest to Rotterdam, the Netherlands, with its second decision, which can be considered final. The legal process of the relocation will therefore be completed in the coming months, without affecting the trading of the Company’s shares on the BSE Xtend market, which will continue during this period and after the relocation.
The General Meeting of OXO Technologies Holding Plc held on 18 June 2024 unanimously and definitively approved the transfer of the Company’s registered office within the European Union from Budapest to Rotterdam, the Netherlands. With the decision of the General Meeting and the approval of the necessary draft balance sheet and transformation plans, the legal procedure will be initiated, as a result of which the Company will be removed from the Hungarian Company Register as a Nyrt and will be registered in the Dutch Commercial Register as a NV (Naamloze Vennootschap) with unchanged shareholders, ownership and capital structure, with legal continuity. Irrespective of this transformation and the change of the registered office, the shares of the Company will remain continuously traded on the BSE Xtend market and, upon completion of the transformation, shareholders will automatically hold the same number and nominal value of shares in the company registered in the Netherlands.
Following the completion of the legal process of the change of registered office, the Company still intends to proceed with the listing of its shares on the BSE Standard Market, for which it has recently started the preparatory work. The change of registered office, the listing on the BSE Standard market and the implementation of further capital raising and growth plans in parallel may, in the future, provide the opportunity for the Company to list its shares on another European public stock exchange in a dual or cross listing, thereby aiming to broaden its investor base significantly and to increase the liquidity of its trading in parallel.
More information:
Tamás Bojtor, Investment Relations Officer, OXO Technologies Holding – bojtor.tamas@oxoholdings.eu