Shareholders approved the scheme of arrangement to move the company's jurisdiction of incorporation to Bermuda. The transition involves a one-for-one issuance of new shares in the Bermuda-based entity, Gates Industrial Corporation Ltd. The Court Meeting resolution passed with 232,587,896 votes for and 914,464 against. Four separate resolutions at the General Meeting regarding the scheme, capital reduction, and share issuance were all approved with over 91% of eligible shares represented.