GVC eyes tax residence relocation from Isle of Man to UK
London-listed operator wants to conduct shareholder, board and sub-committee meetings in English capital
GVC Holdings has proposed moving its management, control and tax residence from Isle of Man to the UK to allow for “easier administration” of the London-listed operator.
The firm will hold an extraordinary general meeting (EGM) on 6 February, where shareholders are expected to approve the adoption of new articles allowing GVC to move to the UK.
EGR Intel understands there will be zero tax implications for GVC as a result of the move. The operator’s online business will remain in Gibraltar, while its retail business will stay in Stratford.
GVC CEO Kenny Alexander
The February EGM will be held at GVC’s Atlantic Suites office on Europort Avenue.
The operator’s existing articles, created back in 2010 when GVC was a much smaller business, do not allow the operator to conduct holding company meetings from the UK.
Once the move is approved, it will give GVC “complete flexibility” over holding UK board meetings, with its London-based headquarters at One New Change the most likely location.
GVC confirmed the move does not relate to Brexit.