Vislink, the British-based electronics group that emerged from industrial holding company Silvermines, will switch its domicile from Ireland to Britain. Only 28 per cent of Vislink's shareholders are based in Ireland and they hold only 11 per cent of the group's shares. In addition, Vislink has no trading assets here; most of its business is in Britain, Norway and the US.

Vislink's chief executive, Mr Ian Scott-Gall, said: "With the majority of our shareholders both by value and number now being based in the UK, this is the right step for the Vislink group to take in pursuit of its strategy to develop as a high technology group."

Vislink shareholders will be offered one share in the new British company for every share they already hold in Vislink.