Kerry Group PLC Update on Migration of Participating Securities
RNS Number : 8616R
Kerry Group PLC
10 March 2021
10 March 2021
KERRY GROUP PLC
Update on the Migration of Participating Securities
Kerry Group plc ("Kerry" or the "Company") provides the
following update in relation to the migration of its Shares as part
of the migration of Irish corporate securities from CREST to
Euroclear Bank (the "Migration") under the Migration of
Participating Securities Act 2019 (the "Migration Act").
As previously announced, at the Extraordinary General Meeting of
the Company held on 28 January 2021 ("the EGM"), shareholders
approved the Migration and authorised the Board to take all steps
necessary to implement it.
In accordance with the terms of the Migration Act 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.
Shareholders' attention is drawn to the statement published by
Euronext Dublin on 8 March 2021, which can be found at the
following link: https://www.euronext.com/en/media/4354 .
This statement is to the effect that Migration under the
Migration Act is scheduled to proceed in accordance with the
indicative timetable which was previously communicated by Euronext
Dublin to the market, most recently on 17 February 2021. In
particular Euronext Dublin has advised that the Live Date on which
Migration is to take effect is Monday, 15 March 2021 and further
that this date will be formally confirmed by Euronext Dublin as the
Live Date for Migration on the evening of Friday, 12 March
Accordingly, no changes are anticipated in relation to the
timetable contained in the Company's circular to shareholders in
respect of the Migration dated 22 December 2020 (the "Circular")
other than as set out below: -
Timetable for Key Migration Steps (1) (2)
Latest time and date for Shareholders who hold 12.00 pm on Thursday,
their Shares in uncertificated (i.e. dematerialised)
form to withdraw the relevant Shares from the CREST
System and hold them in certificated (i.e. paper)
form so as to ensure that such Shares are not subject
11 March 2021
Live Date (3) Monday, 15 March
(1) All references to times are to times in Dublin, Ireland.
(2) If there are any inconsistencies between this announcement
and the indicative timetable included in the Circular, this
announcement shall prevail.
(3) If, in exceptional circumstances, the Migration does not
proceed as planned and the Live Date is therefore postponed the
Company will give notice of that fact by issuing an
The defined terms set out in Part 9 of the Circular have the
same meaning when used in this announcement.
Shareholders should consult their own broker, custodian or other
independent professional advisers if they have queries in relation
to the Migration or how to hold shares in Kerry following
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(END) Dow Jones Newswires
March 10, 2021 12:27 ET (17:27 GMT)