Greencore Group PLC Migration of securities to Euroclear Bank (8658R)
11 March 2021 - 05:02AM
UK Regulatory
TIDMGNC
RNS Number : 8658R
Greencore Group PLC
10 March 2021
GREENCORE GROUP PLC
Update regarding the Migration of the Company's Participating
Securities to Euroclear Bank's central securities depository
10 March 2021
Further to its announcement on 26 January 2021, Greencore Group
plc (the "Company"), provides the following update in relation to
the migration of Irish corporate securities from CREST to Euroclear
Bank (the "Migration") under the Migration of Participating
Securities Act 2019 (the "2019 Act").
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 .
In its statement, Euronext Dublin has advised that the Live Date
on which Migration is to take effect is 15 March 2021 and further
that this date will be formally appointed by Euronext Dublin as the
Live Date for Migration on the evening of Friday, 12 March
2021.
Following the approval of all resolutions necessary to
facilitate participation of the Company's Participating Securities
in Migration at the extraordinary general meeting of the Company
held on 26 January 2021 ("EGM"), the board of directors of the
Company confirm that, in accordance with Resolutions 1 and 3 as
approved by the Shareholders at the EGM, the Company has consented
to the migration of Participating Securities to the Euroclear Bank
SA/NV central securities depository.
Accordingly, the timetable of principal events set out below
reflects the Company's current expectations and no change is
anticipated to the other aspects of the indicative timetable in the
circular issued to Shareholders and dated 21 December 2020 (the
"Circular"):
Timetable for Key Migration Steps(1) (2)
Latest time and date for Shareholders who 12.00 pm on Thursday,
hold their Shares in uncertificated (i.e. 11 March 2021
dematerialised) form and who do not want their
Shares to be subject to Migration to withdraw
the relevant Shares from the CREST System
and hold them in certificated (i.e. paper)
form
EUI to stop settlement of trades in Irish 6.00 pm on Friday,
Securities pursuant to the Irish CREST Regulations 12 March 2021
----------------------
Migration Record Date 7.00 pm on Friday,
12 March 2021
----------------------
Live Date(3) Monday, 15 March 2021
----------------------
Notes:
(1) All references to times are to times in Dublin, Ireland.
(2) If there are any inconsistencies between this announcement
and the indicative timetable set out in the Circular, this
announcement shall prevail.
(3) If, in exceptional circumstances, the Migration does not
proceed as planned over the weekend of 13-14 March 2021 and the
Live Date is therefore postponed the Company will give notice of
that fact by issuing an announcement.
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 and / or how to hold Shares in the Company
following Migration.
For further information, please contact:
Jolene Gacquin
Group Company Secretary
Greencore Group plc
No. 2 Northwood Avenue
Northwood Business Park
Santry
Dublin 9
D09 X5N9
Tel: +353 (0) 1 486 3309
About Greencore
We are a leading manufacturer of convenience food in the UK and
our purpose is to make every day taste better. We supply all of the
major supermarkets in the UK. We also supply convenience and travel
retail outlets, discounters, coffee shops, foodservice and other
retailers. We have strong market positions in a range of categories
including sandwiches, salads, sushi, chilled snacking, chilled
ready meals, chilled soups and sauces, chilled quiche, ambient
sauces and pickles, and frozen Yorkshire Puddings.
In FY20 we manufactured 619m sandwiches and other food to go
products, 116m chilled prepared meals, and 264m bottles of cooking
sauces, pickles and condiments. We carry out more than 10,000
direct to store deliveries each day. We have 16 world-class
manufacturing sites in the UK, with industry-leading technology and
supply chain capabilities. We generated revenues of GBP1.3bn in
FY20 and employ approximately 12,200 people.
We are headquartered in Dublin, Ireland. For further information
go to www.greencore.com or follow Greencore on social media.
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