Source - LSE Regulatory
RNS Number : 6060Q
Grafton Group PLC
01 March 2021
 

 

 

 

1 March 2021

 

 

GRAFTON GROUP PLC CONSENTS TO THE MIGRATION OF ITS ORDINARY SHARES

TO THE EUROCLEAR BANK CENTRAL SECURITIES DEPOSITORY

 

As previously announced, the shareholders of Grafton Group plc (the "Company") approved resolutions in relation to the replacement of CREST with a system operated by Euroclear Bank SA/NV for the electronic settlement of trading in the Company's ordinary shares at the extraordinary general meeting held on 21 January 2021 (the "EGM").

In accordance with Resolution 1 approved at the EGM, on 26 February 2021 a Committee of the Board of Directors of the Company approved the Company giving its consent to the migration of its ordinary shares to the Euroclear Bank SA/NV central securities depositary 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 of the Company's ordinary shares will take place as part of the wider market migration of the shares of the listed Irish companies which have consented to the migration. The market migration will take place on the date to be determined by Euronext Dublin 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.

 

For further information please contact:

 

Grafton Group plc     +353 1 216 0600

Gavin Slark                  Chief Executive Officer

David Arnold               Chief Financial Officer

 

END

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