On 28 August 2008, Henderson Group announced its plans to change the corporate structure of the Group by means of a Scheme of Arrangement. The Group received UK Court and shareholder approval for the Scheme of Arrangement and all further conditions, as detailed in the Scheme Circular, were also met. The Scheme of Arrangement became effective on 31 October 2008.
The Group now has a holding company incorporated in Jersey and is tax-resident in the Republic of Ireland.
The changes in the corporate structure will not result in any changes in the day to day conduct of the Group’s business. The objective is to reorganise the Group into a financially and commercially efficient structure and to enable the Group to maintain an effective corporate tax rate that is lower than the current statutory UK corporate tax rate.
Tax information
For information on the tax implications of the Scheme of Arrangement, follow the link below. Henderson Group shareholders who are in any doubt about their tax position should consult an appropriate professional adviser immediately.
You can also visit www.hmrc.gov.uk (UK residents),
www.ato.gov.au (Australian residents) or
www.ird.govt.nz (New Zealand residents).