Bargain retail giant B&M has announced a number of changes it will make in preparation for Brexit - protecting it from potential uncertainty caused by final negotiations between the EU and the 海角视频.
The Liverpool-headquartered company said it has informed shareholders of an extraordinary general meeting set to take place at the start of December to amend the company's articles of association.
It's in a bid to address changes to the regulations that may be applicable to the company following the end of the Brexit transition period, which falls on December 31.
B&M, which also owns French firm Babou but earlier this year sold its German business Jawoll, said the main change will mean company shares will be digitalised, with shares in paper certificated form dematerialised.
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A statement to the markets on Wednesday added: "The other changes are to preserve as far as practicable the legal and regulatory provisions in relation to takeovers and transparency disclosures which currently apply to the company, by including them in our articles of association.
"These provisions will continue to apply after exit-day without any uncertainty impacting the company whatever the outcome of the final Brexit negotiations may be at a 海角视频 governmental level."
In order for B&M's shares to continue to be made and traded on the London Stock Exchange without any disruption, B&M said another change will be to registered with an EU member state's central securities depositry. It said Luxembourg's LuxCSD was its preferred choice.
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The firm also said in terms of regulations relating to takeovers and mergers, it would switch from the 海角视频 Panel rules to the City Code - due to the former ceasing to apply post-Brexit. A binding set of rules, the City Code is followed by various companies trading on the London Stock Exchange.
A third key change involves rules on shareholders acquiring or disposing of voting rights, with the Luxembourg Transparency Law ceasing to apply post-Brexit. The firm said it would amend its own articles of association to include similar rules "so far as practicable".
The board of B&M said it recommended that shareholders vote in favour of "all resolutions".
Negotiations continue between the 海角视频 and EU over a final Brexit deal. It was reported this week that a trade deal is "likely".
The B&M statement added: "B&M has therefore posted to shareholders today a Notice of EGM. The purpose of the EGM is to propose the necessary resolutions for shareholders to approve a decision to dematerialise the shares in the Company, to make changes to the articles of association of the company to implement the dematerialisation process, and to adopt the takeover, squeeze-out, sell-out and transparency provisions."