Gates Industrial to redomicile parent holding company to Bermuda under scheme of arrangement
GTES•Court clearance for redomiciliation plan
Gates Industrial secured court clearance for a reorganization that will shift the group’s parent company to Bermuda via a redomiciliation.
Timeline for share cancellation and new listing
The scheme is set to take effect July 20, 2026.
Old Gates ordinary shares will be cancelled; holders at 5 p.m. ET July 17 will receive an equal number of New Gates common shares.
Old Gates is expected to trade last on the NYSE on July 17; New Gates is set to start trading July 20 under ticker GTES.
