Redomiciling to Bermuda from England and Wales
The Marex group (the “Group”) has completed its redomiciliation to Bermuda from England and Wales.
Our parent company, Marex Group plc, was previously incorporated in England and Wales and was a foreign private issuer listed on Nasdaq in the US. Compliance with both English corporate law and Nasdaq and SEC rules and regulations in the US resulted in considerable additional legal and administrative burdens for the Group. Its corporate structure and regulatory framework had also become more complex as a result of our significant growth in recent years, including through acquisitions.
Our redomiciliation to Bermuda was designed to reduce these legal and administrative burdens while at the same time provide an opportunity for us to reorganize the Group to simplify the corporate structure and regulatory framework.
At shareholder meetings held on May 21, 2026, shareholders voted in favor of our proposal to redomicile our parent company to Bermuda from England and Wales. Poll results are available through the links below.
Following our receipt of global regulatory approvals and the English High Court’s sanction of the scheme of arrangement on June 26, 2026, the Group completed its redomiciliation, which took effect at 08:41 UK on July 01, 2026. As of this time, all ordinary shares of our existing NASDAQ listed entity, Marex Group plc, were exchanged on a one-for-one basis for newly issued ordinary shares in the new Bermudan parent company, Marex Group Limited.
The last day of trading in Marex Group plc shares on the Nasdaq was June 30, 2026. Trading in the newly issued ordinary shares of Marex Group Limited on the Nasdaq began on July 01, 2026. Marex Group Limited’s trading symbol remains unchanged as “MRX”.
Shareholder value creation was our objective
The principal objective of the redomiciliation was to create shareholder value by:
1. Simplifying the Group’s corporate structure and regulatory framework and delivering cost savings and efficiencies by reducing administrative burdens, and complexity.
2. Aligning the US style corporate law of Bermuda with our listing on Nasdaq.
