27 Aug 2015 07:00
27 August 2015
HaloSource, Inc.
("HaloSource" or the "Company")
Settlement of Common Shares
HaloSource Inc. (HAL.LN, HALO.LN), the global clean water technology company traded on London's AIM, wishes to notify shareholders of changes to the way its restricted Common Shares will trade with effect from 1 September 2015.
In accordance with Regulation (EU) No. 090/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central depositories (the "EU Regulation") which requires all shares listed on AIM to be capable of electronic settlement, as of 1 September 2015 the existing restricted line of stock which trades under the ticker symbol HAL with ISIN USU4063G1077 will convert into a restricted line (the "New Restricted DI Line") which is in compliance with the requirements of the EU Regulation and will allow shareholders of restricted Common Shares to deposit their Common Shares into CREST (and so be capable of settlement electronically) in exchange for Depository Interests and trade such Depository Interests in uncertificated form on AIM. Common Shares in this form will retain their legend and thus the restrictions on transfer and will continue to use the ticker symbol HAL and ISIN USU4063G1077.
In the event that holders of Common Shares in the existing HAL line take no action their Common Shares will not convert into Depository Interest form but will continue to be held in certificated form and will retain their legend and thus the restrictions on transfer, but will continue to be admitted to AIM. However, shareholders should note that certificated stock is not capable of electronic settlement in accordance with the EU Regulation and will need to be dematerialised into the New Restricted DI Line prior to electronic settlement. No Common Shares will be deposited into CREST without the positive action of the relevant shareholder.
In general, under US securities law, Common Shares that have been in issue for more than one year and are not held by an 'affiliate' of the Company qualify for characterisation as unrestricted Common Shares ("Unrestricted Common Shares"). An affiliate for this purpose is a person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the Company or a director or officer of the Company. Under US securities law, those shareholders of the Company deemed to be an affiliate will not be eligible to convert their shares into electronic form but must remain in certificated form. All Unrestricted Common Shares are eligible for trading on the Company's unrestricted HALO line. Accordingly, those Common Shares issued in conjunction with the Company's placing of 18 November 2014 will, save where held by an affiliate, be eligible for conversion into Depository Interest form on the HALO line on 18 November 2015.
Any enquiries should be directed to Computershare Investor Services (Jersey) Limited on +44 (0)370 707 4040.
Enquiries:
HaloSource | |
Martin Coles, Chief Executive Officer | +1 425 974 1991 |
James Thompson, Chief Financial Officer | +1 425 974 1993 |
Liberum Capital (NOMAD and Broker) | |
Richard Bootle/Jill Li/Steve Pearce | +44 203 100 2222 |
Allenby Capital (Joint Broker) | |
Chris Crawford/Kat Perez | +44 203 328 5656 |
Newgate (PR Adviser) | +44 207 680 6550 |
James Benjamin/Alexandra Shilov/Andre Hamlyn | halosource@newgatecomms.com |
About HaloSource
HaloSource, Inc. creates innovative solutions for water purification that serve people, preserve the planet and protect our most valuable resource. The Company works with scientists and industry experts across the globe in search of new ways to improve water quality and has been awarded more than 70 patents for its ground breaking chemistries, which provide effective and environmentally responsible solutions to the growing issue of water stress.
Founded in Seattle, Washington, HaloSource has grown to become an influential leader in three market segments: drinking water, recreational water, and environmental water treatment and remediation. HaloSource is headquartered in the US with operations in China and in India. Learn more about the Company's research and development and future cutting edge technologies by visiting www.halosource.com.
HaloKlear, HaloPure, SeaKlear and HaloShield are either trademarks or registered trademarks of HaloSource, Inc. All other trademarks, brand names or product names belong to their respective holders.