Navigator Holdings has entered into a definitive merger agreement to move its corporate domicile from the Marshall Islands to England and Wales. The transaction will merge the current parent company with a Marshall Islands-based subsidiary, making newly formed Navigator Gas plc, registered in England, the ultimate parent.
Under the agreement, shareholders will receive one ordinary share in Navigator Gas plc for each Navigator Holdings common share they own. The new parent is expected to continue trading on the New York Stock Exchange under the ticker NVGS.
The transaction is subject to customary closing conditions, including shareholder approval.