Ocean Wilsons Regulatory News (OCN)

6 Jul 2009 14:51



OCEAN WILSONS HOLDINGS LIMITED

DEPOSITORY INTEREST FACILITY

With effect from 6 July 2009, CREST members are able to hold and transfer interests in Ocean Wilsons Holdings Limited (the "Company") ordinary shares of 20p each (the "Shares") (ISIN number BMG6699D1074) within the CREST system, pursuant to a depository interest arrangement established by the Company, which is incorporated in Bermuda.

The Shares will not themselves be admitted to the CREST system; rather the Company has arranged for Capita IRG Trustees Limited ("Capita") to issue depository interests in respect of the underlying Shares (the "Depository Interests"). These Depository Interests may be held and transferred within the CREST system. The Depository Interests will be created and issued pursuant to a Deed Poll executed by Capita under English law, copies of which are available from Capita, and the provisions of the Deed Poll are expressed to bind all holders future and present.

In the CREST system, the Depository Interests will carry the same ISIN as the Shares. It will of course remain open to members, should they wish to do so, to continue to hold Shares in the Company as they do now.

If CREST members wish to avail themselves of this facility, they can do so by inputting a stock deposit in the usual way. The Company has informed Euroclear UK and Ireland that (1) a CREST transfer form or dematerialisation form lodged as a stock deposit will be deemed to constitute a transfer of the Shares to Capita, who will issue corresponding Depository Interests in the CREST system to the depositing member/transferee; and (2) in a similar way, a stock withdrawal will be deemed to constitute an instruction to Capita to cancel the Depository Interests and effect a transfer of the Shares to the person specified in the instruction.

Shareholders of the Company should shortly receive a separate letter with details of these arrangements.

Any enquiries concerning the contents of this announcement should be addressed to Capita Registrars, at The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU - telephone number 0871 664 0300 (Calls cost 10 pence per minute plus network extras) or from outside the United Kingdom +44 208 639 3399.

END.