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28 Aug 2015 09:34
Verseon Corporation
("Verseon" or the "Company")
Depository Interest Programme
Verseon Corporation (AIM: VSN) announces that it has introduced a Depository Interest programme ("DI Programme") in respect of its common shares ("Common Shares") with the Company's registrar, Computershare Investor Services PLC ("Computershare"), to enable the Common Shares to be settled electronically via CREST.
It is expected that the DI Programme will be effective from 1 September 2015. The Company's existing ISIN (USU9221J1098) and ticker (VSN) will remain the same and, from 1 September 2015, will represent the depository interests ("Verseon Depository Interests"). The introduction of the DI Programme will ensure that Verseon will be in compliance with the AIM Rules and EU regulations which require securities traded on AIM to be capable of electronic settlement with effect from 1 September 2015. The benefit of the DI Programme is that the Verseon Depository Interests can be held and transferred through CREST, which should shorten the settlement process significantly. This will potentially widen the pool of investors that can hold the securities by making them available to investors who are unable to hold securities which are not eligible for electronic settlement.
Shareholders should note that from 1 September 2015, holdings of certificated Common Shares will be eligible for dematerialisation into Verseon Depository Interests which shall be capable of electronic settlement in CREST. Shareholders are encouraged to contact their broker or Computershare directly on +44 (0)370 707 4040 for further details on the DI Programme and how to dematerialise their holding of Common Shares.
As described in more detail in the Company's admission document published on 1 May 2015, which is available on the Company's website, the Company's securities are subject to certain restrictions on transfers under Regulation S of the United States Securities Act of 1933, as amended. This restriction, which appears as a legend on the certificated Common Shares, shall continue to apply to the Verseon Depository Interests. The distribution compliance period in respect of the Common Shares issued pursuant to the admission document expires on 7 May 2016 and the Company will make a further announcement closer to that date with details of an unrestricted depository interest line of security which would have a different ticker and ISIN, into which eligible Verseon Depository Interests or Common Shares may be transferred or placed.
Any enquiries should be directed to Computershare on +44 (0)370 707 4040.
Contact details:
Computershare Investor Services (Jersey)
+44 (0)370 707 4040
Verseon Corporation
+1 (510) 225 9000
Adityo Prakash, Chief Executive Officer
Cenkos Securities (NOMAD and Broker)
+44 (0) 20 7397 8900
Christopher Golden / Mark Connelly
FTI Consulting (PR Advisers)
+44 (0) 20 3727 1000
Simon Conway / Robert Winder / Matthew Moss
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