API Group Corporation APi Announces Anticipated Listing Date on NYSE (8739K)
April 27 2020 - 1:00AM
UK Regulatory
TIDMJTWO TIDMJTOW
RNS Number : 8739K
API Group Corporation
24 April 2020
APi Group Corporation Announces Anticipated Listing
Date of its Shares on the New York Stock Exchange
NEW BRIGHTON, Minnesota, April 24, 2020 - APi Group Corporation
("APi" or the "Company") announced that it anticipates that its
domestication into a Delaware corporation (the "Domestication")
will be effected on April 28, 2020 and its common stock will begin
trading on the New York Stock Exchange (NYSE) under the ticker
symbol "APG" on April 29, 2020 (the "Listing Date").
APi's ordinary shares and warrants, which are admitted to
trading on the London Stock Exchange, were suspended from trading
on the London Stock Exchange on September 3, 2019 when the Company
announced its intention to acquire APi Group, Inc. On or before the
Listing Date, APi will request for the listing of its ordinary
shares and warrants to be cancelled from the Official List of the
Financial Conduct Authority and for the admission to trading of its
securities to be cancelled from the Main Market of the London Stock
Exchange.
Prior to the Domestication, certain of the Company's ordinary
shares (which will automatically convert into common stock in
connection with the Domestication) and all of the Company's
warrants will continue to be held as depositary interests in the
Certificateless Registry for Electronic Share Transfer operated by
Euroclear ("CREST") in the name of one or more CREST participants.
In connection with the Domestication, (i) these ordinary share
CREST positions will be transferred to the CREST participant's
account at the Depository Trust Company ("DTC") on behalf of each
beneficial holder and (ii) the warrants will be placed on the U.S.
register in book entry form in the name of the CREST participant.
The CUSIP number for the shares will be 00187Y 100 and the CUSIP
number for the warrants will be 00187Y 118 . In order to facilitate
settlement of common stock trades after the Listing Date, the
Company strongly encourages each beneficial holder to instruct its
CREST nominee to move its common stock positions from the CREST
participant account into a direct DTC participant account.
About APi
APi is a market-leading business services provider of safety,
specialty and industrial services in over 200 locations, primarily
in North America. APi provides statutorily mandated services to a
strong base of long-standing customers across industries. We have a
winning leadership culture driven by entrepreneurial business
leaders to deliver innovative solutions for our customers. More
information can be found at https://www.apigroupinc.com/ .
Safe Harbor
Forward-Looking Statements and Disclaimers
This announcement does not constitute or form part of any offer
or invitation to purchase, otherwise acquire, issue, subscribe for,
sell or otherwise dispose of any securities, nor any solicitation
of any offer to purchase, otherwise acquire, issue, subscribe for,
sell, or otherwise dispose of any securities of the Company. The
release, publication or distribution of this announcement in
certain jurisdictions may be restricted by law and therefore
persons in such jurisdictions into which this announcement is
released, published or distributed should inform themselves about
and observe such restrictions.
This announcement contains forward-looking statements which are
based on the Company's expectations, intentions and projections
regarding the timing for the Domestication and the date on which
the APi common stock will begin trading on the New York Stock
Exchange. Given these risks and uncertainties, prospective
investors are cautioned not to place undue reliance on
forward-looking statements. Forward-looking statements speak only
as of the date of such statements and, except as required by
applicable law, the Company undertakes no obligation to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise. This announcement
contains inside information as defined in article 7 of the Market
Abuse Regulation (EU) No 596/2014.
Investor Relations Inquiries:
Olivia Walton
Vice President of Investor Relations
+1 814-312-3981
email: investorrelations@apigroupinc.us
Media Contact:
Liz Cohen
Kekst CNC
+1 212-521-4845
email: Liz.Cohen@kekstcnc.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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April 27, 2020 02:00 ET (06:00 GMT)
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