Cancellation of UK Share listing on or about 14th July6 Jul 2022 10:32
Announcement on 15th June
UK Listing Update
The Acquisition constitutes a reverse takeover for the purposes of the Listing Rules of the Financial Conduct Authority (“FCA”) and the Company has requested, in accordance with the Listing Rules, that the listing of the Company’s common shares (the “Shares”) on the standard segment of the Official List and trading in the Shares on the London Stock Exchange’s main market for listed securities should be cancelled with effect from 8:00 a.m. UK time on or about July 14, 2022.
The Company’s management continues to believe a listing on a London stock exchange will support Valeura’s long-term strategy and can provide greater access to international investors. Valeura intends to continue to evaluate the merits of re-listing in London and will update shareholders in due course.
Meanwhile, interests in the Shares purchased on the London Stock Exchange are fully fungible and can be transferred from the UK depositary to the Canadian depositary to be traded on the Toronto Stock Exchange, where the Shares continue to trade as usual. Shareholders interested in transferring their Shares should contact their broker or nominee to coordinate such a transaction with the Company’s registrar.