What are the reasons for the Redomestication?
Our plan to change the place of incorporation of our group holding company from the Cayman Islands to Switzerland and relocate our principal executive offices to Switzerland (together, the Redomestication) offers several key benefits.Switzerland is more centrally located than our current executive offices to our worldwide operations, in terms of both time zone overlap and travel time. We expect that relocating our executive team to a more central location will enable them to better coordinate and interact with our worldwide operations during their normal business hours. Thus, the relocation will allow us to better support and improve executive oversight of these operations.A growing part of our business is located in international offshore areas such as West Africa, the North Sea, the Middle East, India and the Far East. We expect that a substantial portion of our future growth will continue to come from these areas. The Redomestication is intended to position our company to further be
