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Who is leaving Britain and what it costs to stay

Summit Therapeutics

Summit Therapeutics announced the move (Summit Therapeutics via SEC, 16 July 2020).

Last updated: .

What was reported

Summit Therapeutics announced on 18 September 2020 that it had completed its holding-company move from the UK to Delaware in the United States. The linked coverage runs from 16 July 2020 to 18 September 2020, with the record marked confirmed.

Background

According to Summit's July 2020 announcement, the proposal concerned its holding company's place of incorporation. Summit Therapeutics via SEC, 16 July 2020. The proposal used a UK court-approved scheme to introduce a Delaware parent. Summit Therapeutics via SEC, 16 July 2020. Summit said it expected its UK operations in Oxford and Cambridge to continue unaffected. Summit Therapeutics via SEC, 16 July 2020.

Timeline

Report dates show when a source published its account. Event dates keep the precision given by that source.

  1. (Event): According to Summit's July 2020 announcement, it proposed moving its holding company's incorporation from the UK to the United States. Summit Therapeutics via SEC, 16 July 2020.

  2. (Event): According to Summit's September 2020 announcement, the scheme took effect and the Delaware incorporation change completed. Summit Therapeutics via GlobeNewswire, 18 September 2020.

Type
Company
Known for
Nasdaq-listed biotechnology company formerly incorporated in the UK
Recorded change
United States
Delaware corporate domicile
Status
Confirmed
Basis
Read the source account above
First reported
16 July 2020
Sector
Healthcare (Biotechnology)
Last checked
25 October 2026

On-record statement

today announces the completion of the company’s redomiciliation to Delaware, USA.

Primary source for this statement

Recorded statement

No direct statement of a reason is recorded.

Wealth estimate

No sourced estimate is recorded.

Limits and uncertainty

This records the holding company's corporate domicile. The July announcement said UK operations would continue.

Latest status check: 18 September 2020. Summit Therapeutics announced on 18 September 2020 that it had completed its holding-company move from the UK to Delaware in the United States.

Sources

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