Global provider of payments services SafeCharge International Group Ltd (LON:SCH) today announced the new address of its registered office. Effective immediately, the new registered office address is changed to: Ground Floor, Dorey Court, Admiral Park, St Peter Port, Guernsey, GY1 2HT.
The move marks the completion of migration process of the company from the BVI to Guernsey.
As a part of the re-domicile, on October 30, 2015, 151,575,515 ordinary shares in the company were re-admitted to trading on AIM. These are the so-called Guernsey ordinary shares that replaced the previously listed BVI ordinary shares.
SafeCharge has noted that it considers that a migration to Guernsey would facilitate a potential move of the company from AIM to the Main Market of the London Stock Exchange. Also, as a company incorporated in Guernsey, SafeCharge will fall under the auspices of The City Code on Takeovers and Mergers, and will, hence, provide some extra protections to its shareholders.
To view the official announcement from SafeCharge, click here.