Randstad and Vedior announced this morning (9 June) that they expect to delist Vedior on Euronext Amsterdam as a result of the merger of the two recruitment giants.

According to a statement released by both companies, the last day that Vedior shares can be traded on Euronext Amsterdam is 25 June. ‘On this day, the extraordinary general meeting of shareholders of Vedior will be held where the proposal for the statutory legal merger is on the agenda,’ the statement said.

Randstad Holding’s shareholders will hold their extraordinary general meeting on 26 June, with the merger expect to take effect on 1 July.

In exchange for each share, Randstad Holding will distribute to the Vedior shareholder 0.67258 new Randstad Holding shares with a nominal value of  0.10 euros each. The record date for the distribution of the new Randstad Holding shares is expected to be 30 June at 5.40 pm, the statement said. Settlement of the distribution of the new Randstad Holding shares is expected to occur automatically on 1 July before stock exchange hours, while the new Randstad Holding shares will be listed on Euronext Amsterdam on the same day.