Henderson’s shareholders have approved all the resolutions by the requisite majority at the Extraordinary General Meeting, held yesterday, in connection with the recommended merger of Henderson and Janus Capital Group. Following the meeting, the nominal value of each share in Henderson’s issued capital had been converted from £0.125 to US$0.1547 and Henderson’s unissued share capital had been cancelled. Janus also announced that all the resolutions prosed at its stockholder meeting were passed by the requisite majority.
This means that both companies would follow the below timetable in respect of completion of the merger and the London de-listing, which stated that:
- The final day of dealings in existing Henderson shares on the London Stock Exchange (LSE) would be 26 May 2017; and
- The completion date would be 30 May 2017, on which:
o The change of name to Janus Henderson Group plc would become effective;
o The share consolidation would become effective;
o The new Janus Henderson shares would be issued to Janus stockholders;
o Trading in new Janus Henderson shares on the NYSE would commence; and
o The London de-listing would become effective.
The rest of this article can be found at investmentcentre.moneymanagement.com.au.