To adequately reflect the strong revenue growth - and the size now reached - MGI has taken and will further focus on various measures to improve its governance. For example, a project has been initiated with KPMG to further improve overall procedures and governance throughout the Group, in order to be in a position to increase revenues within these structures by 25-30% per year over the next decade. Another example is the relocation away from Malta. The planned change from a PLC to a SE has been concluded. But, as the originally planned relocation from Malta to Luxembourg is no longer possible due to Euroclear's recent decision - not to link companies from not already connected countries to their system and thus to the Swedish Stock Exchange - MGI is currently in the process of evaluating possible target countries together with its advisors. Currently, management expects the relocation process to become effective latest on January 1, 2023. |