Norish PLC Confirmation of Migration (9780R)
March 11 2021 - 6:10AM
UK Regulatory
TIDMNSH
RNS Number : 9780R
Norish PLC
11 March 2021
NORISH PLC
("Norish" or the "Company")
UPDATE ON MIGRATION OF UNCERTIFICATED SHARES FROM
CREST TO THE EUROCLEAR BANK SYSTEM
Norish confirms that it has taken all steps required to be taken
by it in connection with the proposed migration of the electronic
holding and settlement of its shares from the CREST system to the
Euroclear Bank system ("Migration").
Migration
As previously announced, at the extraordinary general meeting of
the Company held on 18 February 2021 (the "EGM") shareholders
approved the Migration and authorised the Board to take all steps
necessary to implement it.
In accordance with the terms of the Migration of Participating
Securities Act 2019 and these authorities, the Company has
consented to the Migration and has made the requisite notifications
to the Irish Companies Registration Office and Euronext Dublin.
Accordingly, all steps required to be taken by the Company to give
effect to Migration have now been completed.
Timetable for Migration
Shareholders' attention is drawn to the statement published by
Euronext Dublin on 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,
which is in line with the indicative timetable that was included in
the Company's circular to Shareholders in relation to the EGM dated
21 January 2021 (the "EGM Circular"). This timetable remains
subject to change by decision of Euronext Dublin.
Euronext Dublin maintains a dedicated web page relating to
Market Migration (on which details of the timetable and other
relevant details can be found) at the following link:
https://www.euronext.com/en/migration-csd-services-for-irish-securities-crest-euroclear-bank
Actions to be taken by Norish shareholders
For Norish shareholders who hold their shares in paper form
(i.e. outside of CREST and in "certificated" form) there will be no
change to what is owned and how it is held. Therefore, the impact
of Migration on such shareholders is expected to be minimal and no
immediate action is required.
For Norish shareholders who hold their shares through CREST (in
uncertificated form), Migration will result in changes to what is
technically owned, how the interest is held, and how rights related
to the shares will be exercised. Details of those changes are set
out in the EGM Circular. Specifically:
-- Retail shareholders who hold their shares electronically in
CREST - through a broker, custodian or nominee - will continue to
hold their interest through that broker, custodian or nominee, as a
CREST Depository Interest or (assuming the broker, custodian or
nominee is or becomes a participant in the Euroclear System in the
way they are in CREST) as a Belgian Law Right in the Euroclear
System.
-- Institutional shareholders who hold their Shares
electronically in CREST directly in their own name (i.e. as a CREST
member), will continue to be able to hold their interests in shares
directly in their own name as a CREST Depository Interest or
(provided they become a participant in the Euroclear Bank system)
as a Belgian Law Right in the Euroclear Bank system. Where such
shareholders wish to hold in the Euroclear Bank system but are not
or do not become a Euroclear Bank participant, they will need to
enter into an arrangement with a broker, custodian or nominee who
is a participant, so that they can hold the relevant interest for
them.
If they have not done so already, Norish shareholders holding
their shares in CREST are strongly encouraged to consult with their
stockbroker or other intermediary at the earliest opportunity.
Migration will result in a significant change in both the form and
nature of shareholding in the Company, and the substance of, and
manner in which, rights can be exercised. In particular, Migration
will result in important changes to the processes and timelines for
submitting proxy voting instructions for the Company's forthcoming
AGM. Shareholders should familiarise themselves with the new
processes and timelines, and ensure all necessary actions have been
taken on their part and by their stockbroker or other intermediary,
to ensure they can continue to enjoy their rights as a Norish
shareholder in the context of the new Euroclear system.
Important notes
Unless the context otherwise required, defined terms used in
this announcement have the meanings given to them in Part 9 of the
EGM Circular.
Shareholders should consult their own broker, custodian or other
independent professional advisers if they have queries in relation
to Migration , including the manner of holding shares in Norish
following Migration.
Gerard Murphy
Company Secretary
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCLFLFFFXLBBBX
(END) Dow Jones Newswires
March 11, 2021 07:10 ET (12:10 GMT)
Roebuck Food (LSE:NSH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Roebuck Food (LSE:NSH)
Historical Stock Chart
From Apr 2023 to Apr 2024