Proposed Change of Listing and Domicile
On 10 July 2008, Signet Group plc ("Signet"), the world's largest speciality retail jeweller, announced that it recommends a series of inter-related proposals to shareholders whereby the primary listing of the parent company of the Signet Group (the "Group") will be moved from the London Stock Exchange ("LSE") to the New York Stock Exchange ("NYSE") and, in parallel, the domicile of the parent company of the Group will be moved to Bermuda (the “Proposal”). This follows a period of extensive consultation with major shareholders, and unanimous approval by the board of directors of Signet (the “Board”).
Full details of the Proposal are given in the Shareholder Circular of 24 July 2008. This document is also available to download (434kb pdf).
Summary frequently asked questions
The Proposal was approved by shareholders at scheme meetings held on 19 August 2008, and once effected the Group will commence reporting using US Generally Accepted Accounting Principles ("US GAAP").
Presentation of historic data in US GAAP
Summary five year records derived, in part, from the audited accounts for the Group are presented below:
Income statement, segmental information 2003/04 - 2007/08 are available here.
Balance sheet 2003/04 - 2007/08 available here.
Cash flow, reconciliation of net cash flow to movement in net debt 2003/04 - 2007/08 are available here.
Quarterly data for the 52 weeks to 31 January 2009 (to date) are available here.
Quarterly data for the 52 weeks to 2 February 2008 are available here.