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EQTEC to hold EGM to vote on post-Brexit changes to settlement system
StockMarketWire.com
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Gasification technology solutions company EQTEC has announced it will hold an EGM on 17 February 2021 to discuss a necessary technical change to the trading of shares following Brexit.
Trades in EQTEC's shares on AIM are currently settled via the CREST System, which is based in the UK.
The company said that as a consequence of Brexit, the settlement system for trading in its shares needs to move from CREST to Euroclear Bank in Belgium. The migration is expected to occur on 15 March 2021 as part of a market-wide migration of all Irish securities.
The company stated that failure to migrate would remove its access to electronic trade settlement and is asking all shareholders to support the proposed resolutions.
If the resolutions proposed for the EGM are passed, the company's shares will continue to be traded on the AIM market.
Proxy voting is to be carried out in advance of the EGM and votes must be received no later than 10.00am on 15 February.
At 1:50pm: (LON:EQT) Eqtec Plc Ord Eur0.001 share price was 0p at 0.51p
Story provided by StockMarketWire.com
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