PROVIDENCE RES. Proposed Migration Of Shares
January 27 2021 - 1:00AM
UK Regulatory
TIDMPVR
PROVIDENCE RESOURCES PLC
(Company Number 268662)
PROPOSED MIGRATION OF SHARES PURSUANT TO THE
MIGRATION OF PARTICIPATING SECURITIES ACT 2019
NOTICE IS HEREBY GIVEN pursuant to Section 6(4) of the Migration of
Participating Securities Act 2019 (the "Migration Act") that Providence
Resources plc (the "Company") will shortly issue a circular (the
"Circular") to shareholders containing a notice of an Extraordinary
General Meeting of the Company to be held at 11.00 a.m. on Tuesday 23
February 2021 at Melrose, Silchester Road, Glenageary, Co. Dublin A96
R5P3, Ireland (the "EGM", which term includes any adjournment thereof).
The purpose of this EGM is to consider and, if thought fit, approve
resolutions for and related to the replacement, in accordance with
Section 4(1) of the Migration Act, of the CREST System with the
Euroclear Bank System for the holding of, and electronic settlement of
trading in, the Company's shares (the "Migration"). The Circular will be
made available for inspection by the shareholders in electronic format
in advance of the EGM. Subject to the proposed resolutions being passed
at the EGM, and a resolution of the Board of Directors of the Company
(or a committee thereof), the Company intends to consent to Migration on
satisfaction of the requirements set out in Section 4(1) of the
Migration Act.
The Circular is available to view on the Company's website together with
copies of the documents referred to in the Circular,and will be
available for inspection during normal business hours on any business
day from the date of this announcement until the EGM at the registered
office of the Company. Shareholders are requested not to attend at the
registered office to inspect documents, but instead to inspect them
online at https://www.providenceresources.com/regulatory-announcements.
In order to ensure that electronic trading of the Company's Shares may
continue to be settled at all relevant times in a legally compliant
manner, and to ensure ongoing compliance with the electronic share
trading requirements for listing on AIM and Euronext Growth, the Board
of Directors believes that each of the resolutions is in the best
interests of the Company and its Shareholders as a whole and the Board
of Directors unanimously recommends that you vote in favour of each of
these resolutions, as they intend to do so themselves in respect of all
of the Shares held or beneficially owned by them (in aggregate
17,466,294 Shares representing approximately 1.97% of the issued
ordinary Share capital of the Company as at 22 January 2021).
Dated: 27 January 2021
Simon Brett: Secretary
Providence Resources plc
(END) Dow Jones Newswires
January 27, 2021 02:00 ET (07:00 GMT)
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