29th May 2018 16:00
29 May 2018
Ferrum Crescent Limited
("FCR", the "Company" or the "Group") (ASX, AIM, JSE: FCR)
Expected Timetable/Salient Dates re Change of Name and Proposed Temporary Suspension from Trading
FCR, the European lead-zinc explorer, is pleased to announce the expected timetable for effecting the change in the Company's name to Europa Metals Limited, further to the Company's results of general meeting announcement of 21 May 2018 confirming, inter alia, the approval of special resolution 17 by the requisite majority of eligible shareholders who voted.
In accordance with section 157(3) of the Corporations Act 2001, the change of name will take effect when the Australian Securities and Investments Commission ("ASIC") alters the details of the Company's registration to reflect the change of name in Australia, which is currently anticipated to occur on or around Friday, 1 June 2018 with trading on the Australian Securities Exchange ("ASX") under the Company's new name, Europa Metals Limited, expected to commence on or around Tuesday, 5 June 2018.
Shareholders are advised that due to the divergent treatment of changes to the Company's International Securities Identification Number ("ISIN") across the ASX, AIM and the JSE Limited ("JSE"), arising from the change in the Company's name, a temporary suspension of trading in the Company's ordinary shares on AIM, from 4 June 2018, and the JSE, from 5 June 2018, will be sought until Friday, 8 June 2018 in both instances. During these respective periods of suspension, the Company's registrars, Computershare Investor Services, will be unable to transfer any shares between the Australian, United Kingdom or South African registers and dealings, settlements and transfers in CREST will also be suspended.
Accordingly, dealings in the Company's ordinary shares under the new name are expected to commence on AIM at 7.30 a.m. (London time) on Friday 8 June 2018 and on the JSE at 9.00 a.m. (South African time) on the same date. The Company's share/ticker code on all three exchanges will change to EUZ and the short name on the JSE will be Euromet. The Company's new ISIN will be announced in due course.
The following indicative timetable sets out the expected dates for the implementation of the Company's change of name across the three exchanges on which the Company's ordinary shares are traded (if any of the expected dates change significantly, the revised times and/or dates will be announced by the Company as appropriate):
2018 | |
Event | Time and/or date |
Last day of dealings in, and for registration of transfers and disablement in CREST of, ordinary shares under share code 'FCR' |
Friday, 1 June |
Suspension of trading on AIM of, and dealings, settlements and transfers and disablement in CREST of, ordinary shares | 7.30 a.m. (London time) on Monday, 4 June |
Effective date of name change on ASX and quotation of, and dealings in, ordinary shares on the ASX under share code 'EUZ' | From the commencement of trading on or around Tuesday, 5 June |
Last day to trade ordinary shares on the JSE under share code 'FCR' | Tuesday, 5 June |
Suspension of trading in ordinary shares on the JSE | Tuesday, 5 June 8.30 a.m. (South African) time |
Restoration of dealings and quotation of ordinary shares on AIM and trading commences on the JSE under share code 'EUZ' | 7.30 a.m. (London time)/9.00 a.m. (South African time) on Friday, 8 June
|
JSE Record date (South Africa) Expected date of issue of replacement share certificates to South African shareholders provided that their old share certificates have been lodged by 12.00 noon (South African time) on the Record date (share certificates received after this time will be posted within five business days of receipt) Dematerialised South African shareholders' accounts held at their CSDP or broker updated | Monday, 11 June
|
Notes:
1. The dates and times above are indicative only and will depend on, among other things, the date on which: (i) ASIC alters details of the Company's registration in Australia; (ii) the Company's new ISIN is issued; and (iii) Euroclear's requirements to enable trading and settlement under the new name on AIM and the JSE are satisfied. If any of the expected dates change significantly, the revised times and/or dates will be announced by the Company as appropriate.
2. All references to times in this announcement are to London times unless otherwise stated.
3. South African shareholders will not be able to dematerialise or rematerialise share certificates in the name of FCR on the JSE between Tuesday, 5 June 2018 and Friday, 8 June 2018.
4. Share certificates and Forms of Surrender received from South African shareholders after 12.00 noon (South African time on the JSE Record date will have their replacement share certificates posted within 5 business days of receipt of their surrender forms by Computershare in South Africa.
For further information on the Company, please visit www.fcrexploration.com or www.ferrumcrescent.com or contact:
Ferrum Crescent Limited
Daniel Smith, Non-Executive Director and Company Secretary (Australia)
T: +61 8 9486 4036
Laurence Read, Executive Director (UK)
T: +44 (0)20 3289 9923
Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Matthew Chandler
T: +44 (0)20 7409 3494
Turner Pope Investments (TPI) Limited (Joint Broker)
Andy Thacker
T: +44 (0)20 3621 4120
Peterhouse Corporate Finance Limited (Joint Broker)
Lucy Williams/Duncan Vasey/Heena Karani
T: +44 (0)20 7469 0930
Sasfin Capital Proprietary Limited (a member of the Sasfin group) (JSE Sponsor)
Sharon OwensT (direct): +27 11 809 7762
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.
Related Shares:
Europa Metals