Building products maker James Hardie Industries SE
(ASX:JHX) says shareholders have thrown their support behind the company’s decision to shift its head office from the Netherlands to Ireland.
At an extraordinary general meeting held yesterday, the company received 99.59% of votes in favour of the second stage of the move.
The company says 58.43% of all James Hardie securities were voted at the meeting held in Amsterdam.
James Hardie says its decision to move its head office to Ireland was because of greater financial certainty that would be provided through the US-Irish Tax Treaty compared to the US-Netherlands Tax Treaty.
The company became a European SE company in February after completing the first stage of its re-domicile which means it is now regulated by European authorities.
Approval for the second stage of the move means it can now complete the relocation to Dublin.
James Hardie Industries posted a loss of $92.7 million for the 12 months to March 30, 2010.
