PROVIDENCE RES. Proposed Migration Of Shares

 
TIDMPVR 
 
   PROVIDENCE RESOURCES PLC 
 
   (Company Number 268662) 
 
   PROPOSED MIGRATION OF SHARES PURSUANT TO THE 
 
   MIGRATION OF PARTICIPATING SECURITIES ACT 2019 
 
   NOTICE IS HEREBY GIVEN pursuant to Section 6(4) of the Migration of 
Participating Securities Act 2019 (the "Migration Act") that Providence 
Resources plc (the "Company") will shortly issue a circular (the 
"Circular") to shareholders containing a notice of an Extraordinary 
General Meeting of the Company to be held at 11.00 a.m. on Tuesday 23 
February 2021 at Melrose, Silchester Road, Glenageary, Co. Dublin A96 
R5P3, Ireland (the "EGM", which term includes any adjournment thereof). 
 
   The purpose of this EGM is to consider and, if thought fit, approve 
resolutions for and related to the replacement, in accordance with 
Section 4(1) of the Migration Act, of the CREST System with the 
Euroclear Bank System for the holding of, and electronic settlement of 
trading in, the Company's shares (the "Migration"). The Circular will be 
made available for inspection by the shareholders in electronic format 
in advance of the EGM. Subject to the proposed resolutions being passed 
at the EGM, and a resolution of the Board of Directors of the Company 
(or a committee thereof), the Company intends to consent to Migration on 
satisfaction of the requirements set out in Section 4(1) of the 
Migration Act. 
 
   The Circular is available to view on the Company's website together with 
copies of the documents referred to in the Circular,and will be 
available for inspection during normal business hours on any business 
day from the date of this announcement until the EGM at the registered 
office of the Company. Shareholders are requested not to attend at the 
registered office to inspect documents, but instead to inspect them 
online at https://www.providenceresources.com/regulatory-announcements. 
 
   In order to ensure that electronic trading of the Company's Shares may 
continue to be settled at all relevant times in a legally compliant 
manner, and to ensure ongoing compliance with the electronic share 
trading requirements for listing on AIM and Euronext Growth, the Board 
of Directors believes that each of the resolutions is in the best 
interests of the Company and its Shareholders as a whole and the Board 
of Directors unanimously recommends that you vote in favour of each of 
these resolutions, as they intend to do so themselves in respect of all 
of the Shares held or beneficially owned by them (in aggregate 
17,466,294 Shares representing approximately 1.97% of the issued 
ordinary Share capital of the Company as at 22 January 2021). 
 
   Dated: 27 January 2021 
 
   Simon Brett: Secretary 
 
   Providence Resources plc 
 
 
 
 

(END) Dow Jones Newswires

January 27, 2021 02:00 ET (07:00 GMT)

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