Cushman & Wakefield Plc (NYSE: CWK) has announced that its shareholders have approved the company's proposals to change its place of incorporation from England and Wales to Bermuda. The percentage of votes in favor of each of the proposals voted on at the meetings ranged from 95.22% to 99.99% of votes cast.
The company plans to proceed with the legal and regulatory procedures required to implement the redomiciliation and expects the closing date to be November 27, 2025, pending the satisfaction of closing conditions.
Cushman & Wakefield, a leading global commercial real estate services firm, reported revenue of $9.4 billion in 2024 across its core service lines of services, leasing, capital markets, and valuation and other.
The company's CEO, Michelle Mackay, expressed appreciation for the shareholders' support and confidence in the redomiciliation, emphasizing the aim to reduce administrative burdens and costs while maintaining strong corporate governance, a stable corporate structure, and capital flexibility.
For more information about the redomiciliation, the company has directed interested parties to visit its investor relations website. Following these announcements, the company's shares moved -0.82%, and are now trading at a price of $15.78. For more information, read the company's full 8-K submission here.
