DCC Consents to Migration of Ordinary SharesSource: RNS
18 February 2021
DCC PLC CONSENTS TO THE MIGRATION OF ORDINARY SHARES TO EUROCLEAR BANK'S CENTRAL SECURITIES DEPOSITORY
As previously announced, the shareholders of the Company approved resolutions in relation to the replacement of CREST with a system operated by Euroclear Bank for the electronic settlement of trading in DCC Shares at the extraordinary general meeting held on 4 February 2021 ("EGM").
In accordance with Resolution 1 approved at the EGM, on 4 February 2021 a committee of the Board of Directors of the Company approved the Company giving its consent to the Migration of the Migrating Shares to Euroclear Bank's central securities depository in accordance with the Migration of Participating Securities Act 2019. The requisite notifications in connection with the Migration have also been made by the Company to the Irish Companies Registration Office and Euronext Dublin.
The Migration will take place as part of the wider Market Migration which will occur on the date determined by Euronext Dublin and which is currently expected to be on or around 15 March 2021. Further announcements will be made in relation to the Migration timetable in due course.
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Capitalised terms used, but not otherwise defined, in this Announcement have the meanings given to those terms in Part 10 of the Circular dated 28 December 2020 and sent to shareholders on 6 January 2021 and also available at www.dcc.ie/investors/egm.