After obtaining shareholder approval and subsequent court sanctioning, SCISYS has re-domiciled in the Republic of Ireland. The change will ensure that its German-based space business can continue to work on EU-funded space programmes, such as EGNOS, Galileo and Copernicus. SCISYS decided to finalise the move in Q4 as it is too risky to wait for the final Brexit deal. We have added the expected £0.75m re-domiciliation costs into our model as an exceptional. Hence our forecast year-end ne
28 Nov 2018
SCISYS Group - Move protects the group’s space business
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SCISYS Group - Move protects the group’s space business
After obtaining shareholder approval and subsequent court sanctioning, SCISYS has re-domiciled in the Republic of Ireland. The change will ensure that its German-based space business can continue to work on EU-funded space programmes, such as EGNOS, Galileo and Copernicus. SCISYS decided to finalise the move in Q4 as it is too risky to wait for the final Brexit deal. We have added the expected £0.75m re-domiciliation costs into our model as an exceptional. Hence our forecast year-end ne