Relx, the FTSE 100 data and analytics business, is set to follow in the footsteps of consumer goods giant Unilever and abandon its Anglo-Dutch dual-listed status.
The company’s Amsterdam-based arm will fold into its UK business, with investors receiving one share in London-listed Relx Plc for each share they hold in Relx NV.
Relx, formerly known as Reed Elsevier, said the legal change would remove complexity and boost transparency for shareholders, but that there would be no impact on its staff, operations or profits, while its headquarters will remain in London.
Unilever, which makes products including Ben & Jerry’s ice cream and Dove soap, revealed plans to abandon its own dual listing last year and is expected to announce whether its main base will be in the UK or the Netherlands in the coming weeks – although it expects to keep its shares trading on the FTSE 100.
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