Tullow Oil which recently acquired £200 million of gas producing assets in the North Sea, has confirmed it is to seek High Court approval to re-register the company in the UK. This, the company said will be effected by a scheme of arrangement. Under the scheme, Tullow shareholders will receive shares in NewCo, a new company incorporated in England and Wales which will become the holding company for the group, on the basis of one NewCo share for each Tullow share held.
Tullow seeks to re-register in UK
Tullow Oil which recently acquired £200 million of gas producing assets in the North Sea, has confirmed it is to seek High Court…
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