API Group Corporation APi Announces Anticipated Settlement Eligibility (0012Q)
16 Octobre 2019 - 8:00AM
UK Regulatory
TIDMJTWO TIDMJTOW
RNS Number : 0012Q
API Group Corporation
16 October 2019
APi Group Corporation Announces
Anticipated DTC Settlement Eligibility
NEW BRIGHTON, Minnesota, October 16, 2019 - APi Group
Corporation (the "Company") (OTC: JJAQF; LSE: JTWO) announces today
that it expects that trades of its ordinary shares on the OTC
market in the United States will be eligible for settlement through
the Depository Trust & Clearing Corporation ("DTC") beginning
in approximately 2-5 weeks ("DTC Eligibility").
Currently, most of the Company's ordinary shares and all of the
Company's warrants are held as depositary interests in CREST in the
name of one or more CREST nominees. Following DTC Eligibility,
these CREST positions may be transferred from a CREST participant
account, in the UK, to a DTC participant account, in the US, on
behalf of each beneficial holder. The CUSIP number for the shares
will be G0473C 104. In order to facilitate settlement of over the
counter trades and warrant exercises after DTC Eligibility,
beneficial holders of depositary interests should instruct their
CREST nominee to move their positions from the CREST participant
account into a DTC participant account.
Holders of depositary interests in ordinary shares should be
receiving notification in relation to the DTC Eligibility, as well
as instructions on how to move their position from a CREST
participant account into a DTC participant account. Holders of
depositary interests and their agents may contact the Manager of
Global Transactions at Computershare, the Company's agent, on +44
(0) 370 889 3129 or by e-mail at
!ALLUKGlobalTransactionTeam@computershare.co.uk with any
questions.
As previously announced, the Company expects to list its
ordinary shares on the New York Stock Exchange under the symbol APG
and change its jurisdiction of incorporation to Delaware, which is
expected to occur late in the first quarter of 2020. The Company's
ordinary shares and warrants were suspended from trading on the
London Stock Exchange on September 3, 2019 when the Company
announced its intention to acquire APi Group, Inc. In connection
with its anticipated NYSE listing, the Company will request for the
listing of its ordinary shares and warrants to be cancelled from
the Official List of the FCA and for the admission to trading of
its securities to be cancelled from the Main Market of the London
Stock Exchange. The Company's ordinary shares continue to be traded
on the OTC market in the U.S. under the symbol JJAQF.
About APi:
APi Group Corporation is a market leading provider of commercial
life safety solutions and industrial specialty services. The
Company is the leading independent life safety services provider
and a top-5 specialty services contractor in the U.S. with a
diversified, blue chip customer and supplier base, a robust service
offering, and a track record of successful acquisitions. The
Company operates three segments in over 200 locations primarily in
the U.S., with its international operations being focused on Canada
and the UK. More information can be found at
https://www.apigroupinc.com/.
Forward-Looking Statements and Disclaimers:
This press release does not constitute or form part of any offer
or invitation to purchase, otherwise acquire, issue, subscribe for,
sell or otherwise dispose of any securities, nor any solicitation
of any offer to purchase, otherwise acquire, issue, subscribe for,
sell, or otherwise dispose of any securities of the Company.
This press release contains forward-looking statements which are
based on the Company's expectations, intentions and projections
regarding DTC Eligibility. Given these risks and uncertainties,
prospective investors are cautioned not to place undue reliance on
forward-looking statements. Forward-looking statements speak only
as of the date of such statements and, except as required by
applicable law, the Company undertakes no obligation to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise.
The release, publication or distribution of this announcement in
certain jurisdictions may be restricted by law and therefore
persons in such jurisdictions into which this announcement is
released, published or distributed should inform themselves about
and observe such restrictions.
Media Contacts:
Liz Cohen
Kekst CNC
+1 212-521-4845
Liz.Cohen@kekstcnc.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ACQCKPDPNBDBPKD
(END) Dow Jones Newswires
October 16, 2019 02:00 ET (06:00 GMT)
Api (LSE:JTWO)
Graphique Historique de l'Action
De Août 2024 à Sept 2024
Api (LSE:JTWO)
Graphique Historique de l'Action
De Sept 2023 à Sept 2024