12 Mar 2021 17:00
12 March 2021
Ormonde Mining plc
("Ormonde" or the "Company")
UPDATE ON MIGRATION OF UNCERTIFICATED SHARES FROM
CREST TO THE EUROCLEAR BANK SYSTEM
Ormonde confirms that it has taken all steps in connection with the proposed migration of the electronic holding and settlement of its shares from the CREST system to the Euroclear Bank system ("Migration").
Migration is expected to take effect on 15 March 2021, with the migration to Euroclear Bank of the holding and settlement of the securities of all Irish companies with securities that are listed and traded in Dublin and/or London.
Migration
As previously announced, at the extraordinary general meeting of the Company held on 18 February 2021 (the "EGM"), shareholders approved the Migration and authorised the Board of Directors of the Company to take all steps necessary to implement it.
In accordance with the terms of the Migration of Participating Securities Act 2019 and these authorities, the Company has consented to the Migration and has made the requisite notifications to the Irish Companies Registration Office and Euronext Dublin. Accordingly, all steps required to be taken by the Company to give effect to the Migration have now been completed.
Timetable for Migration
Euronext Dublin announced on 8 March 2021 that the Migration remains scheduled to occur over the period of 12-15 March 2021 in line with the indicative timetable that was included in the Company's circular to shareholders in relation to the EGM (the "EGM Circular"). Euronext Dublin has advised that the 'live date' on which the Migration is to take effect is 15 March 2021. This timetable remains subject to change by decision of Euronext Dublin.
Euronext Dublin maintains a dedicated web page relating to the Migration (on which details of the timetable and other relevant details can be found) at the following link: https://www.euronext.com/en/migration-csd-services-for-irish-securities-crest-euroclear-bank
Actions to be taken by Ormonde shareholders
For Ormonde shareholders who hold their shares in paper form (i.e. outside of CREST and in "certificated" form) there will be no change to what is owned and how it is held. Therefore, the impact of Migration on such shareholders is expected to be minimal and no immediate action is required.
For Ormonde shareholders who hold their shares through CREST (in uncertificated form), Migration will result in changes to what is technically owned, how the interest is held, and how rights related to the shares will be exercised. Such shareholders should consult their own broker, custodian or other independent professional advisers in this regard. Details of changes resulting from Migration are set out in the EGM Circular.
Important notes
Unless the context otherwise required, defined terms used in this announcement have the meanings given to them in Part 9 of the EGM Circular.
Enquiries to:
Ormonde Mining plc
Jonathan Henry, Executive Chairman
Paul Carroll, Chief Financial Officer
Fraser Gardiner, Chief Operating Officer
Tel: +353 (0)1 8014184
Buchanan
Bobby Morse / Ariadna Peretz / James Husband
Tel: +44 (0)20 7466 5000
Email: ormonde@buchanan.uk.com
Davy (Nomad, Euronext Growth Advisor and Joint Broker)
John Frain / Barry Murphy
Tel: +353 (0)1 679 6363
SP Angel Corporate Finance LLP (Joint Broker)
Ewan Leggat
Tel: +44 (0)20 3 470 0470