Cushman & Wakefield proposes redomicile to Bermuda; expects approval in H2 2025

Cushman & Wakefield Ltd.

Filed preliminary proxy on March 28, 2025 for shareholder vote on redomiciling from England & Wales to Bermuda.
Seeks annual cash savings by reducing administrative and regulatory costs of dual UK/US compliance.
Redomiciliation is non-dilutive; NYSE listing (CWK), SEC oversight, U.S. GAAP, and operating tax residence unchanged.
Board to be declassified over three years; directors may only be removed for cause under new bye-laws.
Completion targeted for second half of 2025, subject to shareholder approval and UK court sanction.

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