HaloSource Inc Settlement of Common Shares (2129X)
August 27 2015 - 1:01AM
UK Regulatory
TIDMHAL TIDMHALO
RNS Number : 2129X
HaloSource Inc
27 August 2015
27 August 2015
HaloSource, Inc.
("HaloSource" or the "Company")
Settlement of Common Shares
HaloSource Inc. (HAL.LN, HALO.LN), the global clean water
technology company traded on London's AIM, wishes to notify
shareholders of changes to the way its restricted Common Shares
will trade with effect from 1 September 2015.
In accordance with Regulation (EU) No. 090/2014 of the European
Parliament and of the Council of 23 July 2014 on improving
securities settlement in the European Union and on central
depositories (the "EU Regulation") which requires all shares listed
on AIM to be capable of electronic settlement, as of 1 September
2015 the existing restricted line of stock which trades under the
ticker symbol HAL with ISIN USU4063G1077 will convert into a
restricted line (the "New Restricted DI Line") which is in
compliance with the requirements of the EU Regulation and will
allow shareholders of restricted Common Shares to deposit their
Common Shares into CREST (and so be capable of settlement
electronically) in exchange for Depository Interests and trade such
Depository Interests in uncertificated form on AIM. Common Shares
in this form will retain their legend and thus the restrictions on
transfer and will continue to use the ticker symbol HAL and ISIN
USU4063G1077.
In the event that holders of Common Shares in the existing HAL
line take no action their Common Shares will not convert into
Depository Interest form but will continue to be held in
certificated form and will retain their legend and thus the
restrictions on transfer, but will continue to be admitted to AIM.
However, shareholders should note that certificated stock is not
capable of electronic settlement in accordance with the EU
Regulation and will need to be dematerialised into the New
Restricted DI Line prior to electronic settlement. No Common Shares
will be deposited into CREST without the positive action of the
relevant shareholder.
In general, under US securities law, Common Shares that have
been in issue for more than one year and are not held by an
'affiliate' of the Company qualify for characterisation as
unrestricted Common Shares ("Unrestricted Common Shares"). An
affiliate for this purpose is a person that directly, or indirectly
through one or more intermediaries, controls, or is controlled by,
or is under common control with, the Company or a director or
officer of the Company. Under US securities law, those shareholders
of the Company deemed to be an affiliate will not be eligible to
convert their shares into electronic form but must remain in
certificated form. All Unrestricted Common Shares are eligible for
trading on the Company's unrestricted HALO line. Accordingly, those
Common Shares issued in conjunction with the Company's placing of
18 November 2014 will, save where held by an affiliate, be eligible
for conversion into Depository Interest form on the HALO line on 18
November 2015.
Any enquiries should be directed to Computershare Investor
Services (Jersey) Limited on +44 (0)370 707 4040.
Enquiries:
HaloSource
Martin Coles, Chief Executive
Officer +1 425 974 1991
James Thompson, Chief Financial
Officer +1 425 974 1993
Liberum Capital (NOMAD and Broker)
Richard Bootle/Jill Li/Steve
Pearce +44 203 100 2222
Allenby Capital (Joint Broker)
Chris Crawford/Kat Perez +44 203 328 5656
Newgate (PR Adviser) +44 207 680 6550
James Benjamin/Alexandra Shilov/Andre halosource@newgatecomms.com
Hamlyn
About HaloSource
HaloSource, Inc. creates innovative solutions for water
purification that serve people, preserve the planet and protect our
most valuable resource. The Company works with scientists and
industry experts across the globe in search of new ways to improve
water quality and has been awarded more than 70 patents for its
ground breaking chemistries, which provide effective and
environmentally responsible solutions to the growing issue of water
stress.
Founded in Seattle, Washington, HaloSource has grown to become
an influential leader in three market segments: drinking water,
recreational water, and environmental water treatment and
remediation. HaloSource is headquartered in the US with operations
in China and in India. Learn more about the Company's research and
development and future cutting edge technologies by visiting
www.halosource.com.
HaloKlear, HaloPure, SeaKlear and HaloShield are either
trademarks or registered trademarks of HaloSource, Inc. All other
trademarks, brand names or product names belong to their respective
holders.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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