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BERMUDA - Hansa Investment Company Limited announced Friday that shareholders have approved all resolutions required for its proposed all-share combination with Ocean Wilsons Holdings Limited at a General Meeting.
The merger, first announced on July 28, will see Hansa acquire the entire issued and to be issued share capital of Ocean Wilsons through a court-sanctioned scheme of arrangement under Bermuda law.
All six resolutions passed with overwhelming support, each receiving more than 97% approval from voting shareholders. Key approvals included increasing the company’s authorized share capital, adopting a new investment policy, raising the maximum aggregate director fees to $900,000 per annum, and authorizing share buyback programs for both ordinary and ’A’ ordinary shares.
The Ocean Wilsons Scheme Sanction Court Hearing is scheduled to commence on September 22, 2025. Following court approval, the scheme is expected to become effective two business days after the hearing concludes, with new Hansa shares being issued and admitted for trading on the London Stock Exchange the following day.
The combination remains subject to court approval and satisfaction of other conditions. The long-stop date for completing the transaction is December 31, 2025.
According to the press release statement, CREST accounts of former Ocean Wilsons Depositary Interest Holders will be credited with New Hansa Depositary Interests following admission, with share certificates to be dispatched within 14 days after the effective date.
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