Tronox receives shareholders approval for transaction to re-domicile to UK from Australia

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Tronox receives shareholders approval for transaction to re-domicile to UK from Australia

March 12, 2019 - 07:24
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STAMFORD, CT, March 8, 2019 (PRNewswire) -Tronox Limited (“Tronox” or the “Company”), a global mining and inorganic chemicals company, today announced that the shareholders of the Company overwhelmingly approved the transaction to re-domicile to the United Kingdom from Australia. Re-domiciling will be effected by “top-hatting” Tronox Limited with a new holding company incorporated under the laws of England and Wales called Tronox Holdings plc. Each Tronox shareholder will receive one share in the newly incorporated English company in exchange for each share held in the Australian-incorporated Tronox Limited, which shares are proposed to be listed on the New York Stock Exchange.

The final Australian court hearing is scheduled for Friday, March 22, 2019, and assuming Court approval and other customary conditions are satisfied, the Company expects to complete such transaction on Wednesday, March 27, 2019. The final tabulated results of the vote will be made available in a Form 8-K that the Company expects to file next week.

About Tronox

Tronox Limited is a vertically integrated mining and inorganic chemical business. The company mines and processes titanium ore, zircon and other minerals, and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper and other everyday products.