Navigator Gas Calls Shareholder Meeting to Approve Redomiciliation to England

Navigator Holdings Ltd., known as Navigator Gas and listed on the New York Stock Exchange under the symbol NVGS, announced that on October 8, 2026 it signed an Agreement and Plan of Merger with its wholly owned English subsidiary, Navigator Gas plc, and with Navigator Gas Merger Co Inc., a subsidiary of the new parent company. The goal is to complete the company's redomiciliation from the Marshall Islands to England and Wales.

Under the agreement, the company will merge with the acquiring entity, which will continue to exist as a wholly owned subsidiary of the new parent company. Each common share of Navigator Gas will be converted into one ordinary share of the new parent, which will become the group's listed holding company and intends to list its shares on the New York Stock Exchange under the same symbol, NVGS.

The redomiciliation aims to align Navigator's corporate structure with its operational structure, as its executive office, senior management and many of its employees are based in the United Kingdom, as are its lenders and insurers. The company expects to benefit from a well-established legal and governance framework, a competitive tax regime with an extensive network of double taxation treaties, and a mature and predictable tonnage tax regime for shipping companies.

Mads Peter Zacho, Navigator's Chief Executive Officer, noted that the redomiciliation aligns the company's legal structure with where the business is managed and operated, as well as with the location of many of its investors, lenders and insurers. He added that this reinforces the company's commitment to strong corporate governance and transparency, and provides a robust platform for future growth, investment and strategic opportunities.

Completion of the merger is subject to the conditions set out in the agreement, including approval by the affirmative vote of holders of at least a majority of the issued and outstanding common shares entitled to vote. The shareholder meeting will be held at the offices of Baker Botts L.L.P., at 30 Rockefeller Plaza, New York, at 9:00 a.m. Eastern Time, on November 16, 2026. The company does not expect the merger to have a material impact on its employees, its day-to-day business and operations, or the services it provides to its customers.