Karelian Diamond Res. Update on migration of uncertificated shares from CREST

 
TIDMKDR 
 
12 March 2021 
 
                        Karelian Diamond Resources plc 
 
                    ("Karelian Diamonds" or "the Company") 
 
 Update on migration of uncertificated shares from CREST to the Euroclear Bank 
                                    system 
 
As previously announced, at the extraordinary general meeting of the Company 
held on 17 February 2021 ("EGM") the shareholders of the Company approved 
resolutions in relation to the replacement of CREST with a system operated by 
Euroclear Bank for the electronic settlement of trading in its Shares. 
 
In accordance with Resolution 1 approved at the EGM, on 17 February 2021 the 
board of directors of the Company approved the Company giving its consent to 
the Migration of the Migrating Shares to Euroclear Bank's central securities 
depository 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. 
 
Timetable for the Migration 
 
Euronext Dublin announced on 8 March 2021 that Market Migration remains 
scheduled to occur over the weekend of 12-15 March 2021, in line with the 
indicative timetable that was included in the Company's circular to 
Shareholders in relation to the EGM dated 22 January 2021 (the "EGM Circular"). 
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 12 March 2021. 
 
Accordingly, no change is anticipated in relation to the timetable set out in 
the Company's EGM Circular in respect of Migration. 
 
Euronext Dublin maintains a dedicated web page relating to Market Migration (on 
which details of the timetable and other relevant details can be found) at the 
following link: 
https://www.euronext.com/en/ 
migration-csd-services-for-irish-securities-crest-euroclear-bank 
 
The Company does not intend to issue any further updates on Migration as it 
affects the Company before Migration, save to the extent that there is a 
material change to the information previously provided. 
 
For further information please contact: 
 
Karelian Diamond Resources plc 
Professor Richard Conroy, Chairman                         [phone] 
 
Allenby Capital Limited (Nomad) 
Nick Athanas / Nick Harriss                                [phone] 
 
Brandon Hill Capital (Broker) 
Jonathan Evans                                             [phone] 
 
Lothbury Financial Services 
Michael Padley                                             [phone] 
 
Hall Communications 
Don Hall                                                   [phone] 
 
http://www.kareliandiamondresources.com 
 
Note 
 
Capitalised terms used, but not otherwise defined, in this announcement have 
the meanings given to those terms in Part 10 of the Circular dated 22 January 
2021 and sent to shareholders on 25 January 2021 and also available at News 
Releases and Announcements | Karelian Diamond Resources 
 
END 
 
 
 
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(END) Dow Jones Newswires

March 12, 2021 09:30 ET (14:30 GMT)