Westbridge Renewable Energy Corp. Plans Move to Luxembourg

Westbridge Renewable Energy Corporation has announced a significant strategic move, revealing its intention to relocate its corporate domicile from British Columbia, Canada, to Luxembourg. Following the transition, the company will operate under the new name Westbridge Renewable Energy S.A.

This corporate relocation, referred to as a “continuation,” marks a pivotal step in the company’s global strategy.

The Strategic Rationale for the Westbridge Luxembourg move

The Board of Directors at Westbridge has determined that moving to Luxembourg is a strategic decision that will better align the company’s legal and corporate structure with its evolving global footprint. The key drivers behind this move include:

• Growing International Shareholder Base: The relocation acknowledges and better serves the company’s increasingly international investor community.
• Geographically Diversified Portfolio: With assets spread across different regions, a European domicile offers a more central and aligned base of operations.
• Long-Term Capital Markets Objectives: Positioning the company within a major international financial hub like Luxembourg is expected to support its long-term goals for raising capital and expanding its market presence.

Key Details and Timeline

The continuation is slated to become effective on April 8, 2026. However, this is contingent upon receiving the necessary approvals from both shareholders and regulatory bodies. A crucial step in this process is the vote at the company’s annual and special shareholder meeting, scheduled for April 7, 2026. Approval from the TSX Venture Exchange is also required.

What Stays the Same for Shareholders and Operations After the Westbridge Luxembourg move?

Westbridge has emphasized that the move is designed to be seamless for its stakeholders and will not disrupt core operations. The company has clarified that the following will not be affected by the redomiciling:

• Business Continuity: All business operations and the ownership of its renewable energy and data infrastructure assets will continue without interruption.
• Stock Exchange Listings: The company’s common shares are expected to continue trading on the TSX Venture Exchange (TSXV), the OTCQX, and the Frankfurt Stock Exchange under their current symbols: WEB (TSXV), WEGYF (OTCQX), and PUQ (Frankfurt), subject to exchange approvals.
• Shareholder Rights: The rights of shareholders will largely remain the same, with minor adjustments as required under Luxembourg’s corporate law.

Furthermore, despite the move to Europe, Westbridge intends to remain a Canadian reporting issuer, ensuring continued compliance and transparency within the Canadian market. This strategic relocation positions Westbridge Renewable Energy for its next phase of international growth while maintaining stability for its current investors and operations.