IHC has confirmed that Fount Trust is now its ultimate parent following a restructuring of the ownership arrangements above Royal Group.
The company said the restructuring does not change IHC’s ultimate beneficial ownership, operations, strategy or business activities. Royal Group also continues to exist and operate under the new ownership framework.
IHC’s ownership chain remains unchanged up to Royal Group. Pal Group of Companies remains the majority shareholder of IHC, while Royal Group remains the majority shareholder of Pal Group of Companies. Following the restructuring, Royal Group now sits under Fount Trust as its ultimate parent.
IHC said the new structure is intended to support continuity of ownership and long-term stewardship across generations, providing a framework designed to support long-term investment and partnerships.
The company will continue to be governed by its Board of Directors and managed by its executive team under its existing corporate governance framework. IHC also remains subject to the reporting, disclosure and governance requirements applicable to an ADX-listed company.
Source: IHC
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
