Bank of Ireland Group PLC Confirmation of Intended Live Date (9889R)
March 11 2021 - 7:30AM
UK Regulatory
TIDMBIRG
RNS Number : 9889R
Bank of Ireland Group PLC
11 March 2021
Bank of Ireland Group PLC (the "Company")
Update regarding the Migration of the Company's shares to
Euroclear Bank's central securities depository
11 March
2021__________________________________________________________________
Further to its announcement of 19 January 2021, the Company
provides the following update in relation to the migration of Irish
corporate securities from CREST to Euroclear Bank (the "Migration")
under the Migration of Participating Securities Act 2019 (the "2019
Act").
Shareholders' attention is drawn to the statement published by
Euronext Dublin on Monday, 8 March 2021, which
can be found at the following link: https://www.euronext.com/en/media/4354 .
In its statement, Euronext Dublin has advised that the Live Date
on which Migration is to take effect is 15 March 2021 and further
that this date will be formally appointed by Euronext Dublin as the
Live Date for Migration on the evening of Friday, 12 March
2021.
Following the approval of all resolutions necessary to
facilitate participation of the Company's shares in Migration at
the extraordinary general meeting of the Company held on 19 January
2021 ("EGM"), the board of directors of the Company confirm that in
accordance with Resolutions 1 and 3 as approved by the Shareholders
at the EGM the Company has consented to the migration of its shares
to the Euroclear Bank SA/NV central securities depository.
Accordingly, the timetable of principal events set out below
reflects the Company's current expectations, and no change is
anticipated to the other aspects of the indicative timetable set
out in the circular issued to Shareholders and dated 17 December
2020 (the "Circular"):
Timetable for Key Migration Steps(1) (2)
Latest time and date for Shareholders who 12.00 pm on Thursday,
hold their Shares in uncertificated (i.e. 11 March 2021
dematerialised) form and who do not want their
Shares to be subject to Migration to withdraw
the relevant Shares from the CREST System
and hold them in certificated (i.e. paper)
form
EUI to stop settlement of trades in Irish 6.00 pm on Friday,
Securities pursuant to the Irish CREST Regulations 12 March 2021
----------------------
Migration Record Date 7.00 pm on Friday,
12 March 2021
----------------------
Live Date(3) Monday, 15 March 2021
----------------------
Notes:
(1) All references to times are to times in Dublin, Ireland.
(2) If there are any inconsistencies between this announcement
and the indicative timetable included in the Circular, this
announcement shall prevail.
(3) If, in exceptional circumstances, the Migration does not
proceed as planned over the weekend of 13-14 March and the Live
Date is therefore postponed the Company will give notice of that
fact by issuing an announcement.
The defined terms set out in Part 9 of the Circular have the
same meaning when used in this announcement.
Shareholders should consult their own broker, custodian or other
independent professional advisers if they have queries in relation
to the Migration, and / or how to hold Shares in the Company
following Migration.
For further information, please contact:
+353 (0) 76 624
Myles O'Grady Group Chief Financial Officer 3291
+353 (0) 76 624
Sarah McLaughlin Group Secretary 8577
+353 (0) 76 624
Darach O'Leary Head of Group Investor Relations 4711
Head of Group External Communications +353 (0) 76 624
Damien Garvey and Public Affairs 6716
END
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END
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