Noventiq Completes Re-domiciliation to the Cayman Islands
The re-domiciliation from Cyprus to the Cayman Islands became effective on July 26, 2023.
London, UK. August 10, 2023 - Noventiq Holdings plc (Noventiq, the Group, or the Company), the global digital transformation and cybersecurity solutions and services provider headquartered in London, has announced the successful completion of its re-domiciliation from Cyprus to the Cayman Islands - effective July 26, 2023 - in anticipation of its listing on Nasdaq.
As previously disclosed, the re-domiciliation is not anticipated to result in any material
impact on the Group’s operations or its securityholders. Neither is there to be any change in Noventiq’s share capital. The changes in the rights attached to Noventiq Securities between Cayman and Cypriot company law are outlined in the shareholder circular, which can be accessed in the Investor Relations section at Noventiq.com
Hervé Tessler, CEO of Noventiq, commented:
"The successful completion of the re-domiciliation represents a natural and positive next step for Noventiq, and is aligned with our previously announced intention to list on Nasdaq through a Business Combination Agreement with Corner Growth Acquisition Corp. All of these actions will contribute to Noventiq’s development as a key global player in digital transformation and cybersecurity.”
Noventiq (Noventiq Holdings plc) is a leading global solutions and services provider in digital transformation and cybersecurity, headquartered in London. The company enables, facilitates, and accelerates digital transformation for its customers’ businesses, connecting 80,000+ organizations across all sectors with a vast selection of best-in-class IT vendors, alongside its own services and solutions.
Noventiq delivered record gross revenue of $1.6 billion for the 12 months to March 31, 2023, an increase of 52% in constant currency. The company’s growth is underpinned by its three-dimensional strategy to expand its markets, portfolio, and sales channels. The strategy is supported by an active approach to M&As, which enables Noventiq to take advantage of the ongoing consolidation in the industry. Noventiq's 6,400 employees work in ~60 countries throughout Asia, Latin America, Europe, Middle East, and Africa—markets with significant growth potential.
In May 2023, Noventiq announced its intent to list on Nasdaq through a proposed business combination with Corner Growth Acquisition Corp.
VP Investor Relations
Head of Global Communications