GUERNSEY - DCI Advisors Limited, a company previously based in the British Virgin Islands, has announced the successful passage of key resolutions during its Extraordinary General Meeting held on Thursday. Shareholders voted in favor of the company's re-domiciliation to Guernsey, a move set to be finalized by December 24, 2024.
The resolutions, which were voted upon during the meeting, saw unanimous approval for the re-domiciliation (Resolution 1) and another undisclosed resolution (Resolution 2), with 462,582,184 and 532,518,861 votes respectively. Both resolutions received 100% of the vote in favor. However, a third resolution was rejected, with only 33.29% votes in favor and 66.71% against.
The Board of DCI expressed gratitude to shareholders for their support of the passed resolutions. The re-domiciliation process is expected to be completed by late December, with the company anticipating the issuance of a new International Securities Identification Number (ISIN) and a final timetable by January 7, 2025.
In addition to the re-domicile update, DCI Advisors provided information on its financial reporting timeline. The company expects to publish its audited accounts for the fiscal year ended December 31, 2023, and interim results for the six months ended June 30, 2024, in early 2025. Following the completion of the re-domiciliation and the issuance of the new ISIN, the company anticipates that the current suspension of dealings in its shares will be lifted.
The move to Guernsey is part of the company's strategic restructuring, aligning with its growth and operational objectives. The re-domiciliation to Guernsey, known for its stable and internationally compliant regulatory environment, is a significant step for DCI Advisors.
This report is based on a press release statement from DCI Advisors Limited.
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