6PM Holidngs, an established IT and software solutions group of companies based in Malta, announced on Tuesday that as part of a corporate restructuring exercise “aimed at streamlining its operations in an efficient manner", it will be merging four subsidiary companies.

Its subsidiary companies 6PM Agencies Limited, 6PM Infrastructure Ltd, emCare360 Ltd and emCare Group Malta Limited are each to be amalgamated into 6PM Limited by virtue of four mergers by acquisition.

The proposed mergers by acquisition are preceded by transfers by 6PM Holdings of its entire shareholding in each of the subsidiaries to 6PM Limited.

Upon the proposed mergers by acquisition taking effect, 6PM Limited, as the acquiring company of each of the subsidiaries, shall succeed to all the assets, rights, liabilities and obligations of each of the subsidiaries, which, in turn, shall cease to exist.

The proposed mergers shall not have any effect on the company’s shareholding in 6PM Limited and 6PM Holdings shall continue to hold the totality of the ordinary voting shares issued in the said company.

Furthermore, the proposed mergers shall not have any effect on the rights of the Company’s bondholders.