Source - LSE Regulatory
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 hold their Shares in uncertificated (i.e. 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

12.00 pm on Thursday, 11 March 2021

EUI to stop settlement of trades in Irish Securities pursuant to the Irish CREST Regulations

6.00 pm on Friday, 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 £1.3bn 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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