Ethos-backed Brait intends to move registered office to Mauritius
Pursuant to its stated objective of reducing costs, the board of investment company Brait has resolved to propose to shareholders that its registered office be transferred from Malta to Mauritius, where the company’s main investment subsidiary, Brait Mauritius Limited, is domiciled.
South Africa's Ethos Private Equity, together with Ethos Capital, the independent listed entity and investor in Ethos Private Equity funds, last year announced a strategic equity partnership with Brait.
"The re-domiciliation will not impact the company’s primary listing on the Euro MTF Market of the LuxSE or its secondary listing on the JSE. Based on the analysis performed to date, no amendments are expected to be required to the terms and conditions of the convertible bonds of the company. In addition, the share capital of the company will not be affected as a consequence of the re-domiciliation," Brait said in a statement.
Brait has interests in Virgin Active, Premier, Iceland and New Look.
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