CIVMEC INVESTOR PRESENTATION Q1 FY24
Proposed change of domicile to
Australia
CIVMEC
•
.
•
•
As announced on 27 October 2023, an implementation deed has been signed for the proposed change of
domicile of the Head Company of the Group from a Singapore domiciled company to an Australian domiciled
company.
The change will be done by way of a Scheme of Arrangement in accordance with Section 210 of the Companies
Act 1967 of Singapore.
The scheme contemplates the existing listing of the Company on the SGX and ASX will be transferred to the
NewCo.
The proposed change of domicile remains subject to regulatory and court approvals, as well as approval by the
shareholders at an extraordinary general meeting of the shareholders.
• The Company anticipates that the proposed transactions can be completed by June 2024.
RATIONALE
. All of the Group's operations and employees are in Australia.
.
Australian corporations and government departments are increasingly introducing "local content” assessment
criteria on capital and operating expenditure.
The Australian Government's 2023 Defence Strategic Review affirmed Australia's need to take greater
responsibility for its security and acknowledged the need to develop its sovereign defence industrial capability,
placing greater importance on being an Australian company.
CIVMEC INVESTOR PRESENTATION Q1 FY24
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