Ensco International Inc (ESV) announced that its Board of Directors has unanimously approved a plan to change the Company's corporate structure. The contemplated restructuring is designed to further enhance Ensco's worldwide business operations.
Under the proposed plan, Ensco's legal domicile would change from Delaware to the U.K., where the corporate headquarters would be relocated. Ensco has substantial operations in the U.K. and most of the Company's senior executive officers would be based in the U.K. under the contemplated restructuring.
Ensco will continue to conduct the same business operations when the proposed restructuring is completed. The new U.K. parent company will be named Ensco International plc (Ensco UK).
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