UPDATE: Michael Hill shareholders overwhelmingly support shift into new ASX-listed vehicle

Thu, 23 Jun 2016

(Recasts to add results of special meeting) By Jonathan Underhill June 23 (BusinessDesk) - Michael Hill International shareholders have voted overwhelmingly in favour of a restructuring plan that would shift the jewellery chain into a new company incorporated in Australia and listed on the ASX. More than 99 percent of votes cast were in favour of the resolutions to move to Australia by way of a scheme of arrangement involving a new Australian parent company. Support for the plan amounted to about 80.2 percent of shares on issue, the Br...

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