RE: Corporate Action EGM Share Migration Vote - deadline 11:00am , 15th Feb.9 Feb 2021 16:01
Below is a quote from the circular. Dividend coming...?
"(e) Euro Dividend Currency Elections: EUI's current arrangements for euro settlement with the ECB
are scheduled to expire on 29 March 2021. While EUI was seeking permission from the ECB to retain
access to TARGET2 following the expiry of the existing arrangements, on 2 December 2020 EUI
advised that it will not be able to continue to settle in euros under the current arrangements from 29
March, 2021. While this does not directly impact on the Company as its Shares already trade and settle
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in GBP on the London Stock Exchange, based on information currently available it appears that the
additional impact of this will be that it will no longer be possible for CDI holders to elect to receive a
dividend in euro through the CREST system. In the absence of alternative arrangements being put in
place, a euro currency election would no longer be available if desired in the future. EUI has indicated
that it is investigating alternative arrangements with the aim that euros can continue as a settlement
currency in the CREST System. However, there is no guarantee that this will be successful, and no
clarity on timing as at the Latest Practicable Date."