Financial Ports

Navigator Gas ditches Marshall Islands for UK in $183m restructuring

CLAVE 1 / 4Navigator Gas proposes shifting corporate domicile from the Marshall Islands to the UK.

CLAVE 2 / 4Shareholders will vote on November 16; approval requires majority of outstanding voting shares.

CLAVE 3 / 4The move follows an $183m sale of eight smaller gas carriers and a stake in the Unigas joint venture.

CLAVE 4 / 4New UK parent, Navigator Gas plc, will retain the group’s New York Stock Exchange listing.

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