Digia's Demerger With Qt Will Move Forward Next Month

A Phoronix reader pointed out that at last month's general shareholder meeting for Digia, the company's demerger plans with Qt were approved and will be registered on 1 May 2016.

Digia, which acquired Qt from Nokia, is demerging their Qt interest so it will be a completely separate company. All of the details on the approved plan can be found at Digia's investors demerger page.

Digia will be divided so that all assets, liabilities and responsibilities related to Digia's Qt segment are transferred to the new company created by the division, to be called Qt Group Plc. Digia's Domestic segment will remain with Digia.

The purpose of the demerger is to enable the development of the Qt and domestic segments as two listed companies focusing on distinct sectors and to clarify their corporate structures, management and financing. The Qt and domestic segments have different management, development and financing needs due to their different business logic and market areas. The objective of the demerger is to enable the targeting of investments at specific operations and to clarify the financial monitoring of business operations and their valuation.
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Qt's shares will be subject to public trading on the official list of the Nasdaq OMX Helsinki Ltd as soon as possible after the implementation of the demerger has been registered.

Digia's shareholders will be issued one Qt share for each Digia share they own as demerger consideration.