ISS backs Expro shareholders voting for Cayman redomiciliation plan ahead of annual meeting
- ISS switched to a FOR recommendation on Expro’s proposal to redomicile from the Netherlands to the Cayman Islands, covering Items 1-3.
- The change followed additional board disclosures filed June 1; Expro filed its definitive proxy April 21.
- The board is seeking a two-thirds majority of votes cast to pass Item 3 at the annual meeting.
- Expro highlighted expected recurring savings of more than USD 600,000 a year, rising above USD 1 million including avoided EU reporting costs.
- Oak Hill Advisors, holding about 10.5% of shares, agreed to back the proposals.
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