Informa to relocate HQ back to UK

15th Apr 2014 15:46

The board of publishing and conference firm Informa has approved a decision to return its company headquarters from Switzerland to the UK.In a statement on Tuesday, Informa said a relocation will simplify executive management structure and business operations. It will also "facilitate more focused management of the group's businesses based in the UK and internationally".In order to complete the redomiciliation, it is proposed to put in place a new parent company for Informa which will be incorporated and a tax resident in the UK."If these conditions are satisfied and the Scheme is approved and implemented, New Informa will own the entire issued share capital of Informa and shareholders in Informa will become shareholders in New Informa," the company explained.Informa reassured that the changes will not have a day-to-day impact on the business, strategy or its dividend policy.BC