6th May 2020 10:59
(Alliance News) - Fidelity European Values PLC on Wednesday said it has had to delay its name change as it cannot deliver the necessary documents in person to Companies House.
The investment firm had announced the name change to Fidelity European Trust PLC alongside its annual results on March 19, with the change expected to be effective from Tuesday next week.
However, the company explained, Covid-19 and the UK government lockdown "have caused substantial and significant delays as well as disruption to the usual statutory filing process" and mean it is impossible to deliver the necessary documents to Companies House "for action on the same day".
This would, Fidelity European Values explained, "provide shareholders and the market appropriate
certainty about the date of the company's name change" and so, while the name change is planned, it has been postponed.
No specific new name change date was announced, as the company it waiting "until such time as it can be made with more certainty as to the date it will take effect". However, the name change will not take place until 30 September at the earliest.
Shares in Fidelity European Values were up 0.2% at 229.50 pence in London on Wednesday morning.
By Anna Farley; [email protected]
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