API Group Corporation APi Group Announces DTC Settlement Eligibility (0969U)
November 20 2019 - 9:15AM
UK Regulatory
TIDMJTWO TIDMJTOW
RNS Number : 0969U
API Group Corporation
20 November 2019
APi Group Corporation Announces DTC Settlement Eligibility
NEW BRIGHTON, Minnesota, November 20, 2019 - APi Group
Corporation (the "Company") (OTC: JJAQF; LSE: JTWO) announces today
that, effective as of November 20, 2019, certain trades of its
ordinary shares on the over-the-counter ("OTC") market in the
United States will be eligible for settlement through the
Depository Trust & Clearing Corporation ("DTC") ("DTC
Eligibility").
Currently, most of the Company's ordinary shares are held as
depositary interests in the Certificateless Registry for Electronic
Share Transfer operated by Euroclear ("CREST") in the name of one
or more CREST participants. Following DTC Eligibility, depositary
interests underlying the ordinary shares issued in the Company's
initial placing in October of 2017 ("IPO Shares") may be
transferred from a CREST participant account, in the UK, to a DTC
participant account, in the US, on behalf of each beneficial
holder. The CUSIP number for the ordinary shares will be G0473C
104.
Investors and beneficial holders of IPO Shares should be
receiving notification in relation to the DTC Eligibility, as well
as instructions on how to move their position from a CREST
participant account into a DTC participant account.
CREST participants may contact the Manager of Global
Transactions at Computershare, the Company's agent, on +44 (0) 370
889 3129 or by e-mail at
!ALLUKGlobalTransactionTeam@computershare.co.uk with any
questions.
As previously announced by the Company, the Company expects to
list its ordinary shares on the New York Stock Exchange under the
symbol APG and change its jurisdiction of incorporation to Delaware
in connection with the NYSE listing, which is expected to occur
late in the first quarter of 2020. The Company's ordinary shares
and warrants, which are admitted to trading on the London Stock
Exchange, were suspended from trading on the London Stock Exchange
on September 3, 2019 when the Company announced its intention to
acquire APi Group, Inc. In connection with its anticipated NYSE
listing, the Company will request for the listing of its ordinary
shares and warrants to be cancelled from the Official List of the
FCA and for the admission to trading of its securities to be
cancelled from the Main Market of the London Stock Exchange. The
Company's ordinary shares continue to be traded on the OTC market
in the U.S. under the symbol JJAQF.
About APi:
APi Group Corporation is a market leading provider of commercial
life safety solutions and industrial specialty services. The
Company is a top-5 specialty services contractor in the U.S. with a
diversified, blue chip customer and supplier base, a robust service
offering, and a track record of successful acquisitions. The
Company operates three segments in over 200 locations primarily in
the U.S., with international operations in Canada and the UK. More
information can be found at https://www.apigroupinc.com/.
Investor Relations Inquiries:
Email: investorrelations@apigroupinc.us
Media Contact:
Liz Cohen
Kekst CNC
+1 212-521-4845
Liz.Cohen@kekstcnc.com
Forward-Looking Statements and Disclaimers:
This press release does not constitute or form part of any offer
or invitation to purchase, otherwise acquire, issue, subscribe for,
sell or otherwise dispose of any securities, nor any solicitation
of any offer to purchase, otherwise acquire, issue, subscribe for,
sell, or otherwise dispose of any securities of the Company.
This press release contains forward-looking statements which are
based on the Company's expectations, intentions and projections
regarding DTC Eligibility. Given these risks and uncertainties,
prospective investors are cautioned not to place undue reliance on
forward-looking statements. Forward-looking statements speak only
as of the date of such statements and, except as required by
applicable law, the Company undertakes no obligation to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise.
The release, publication or distribution of this announcement in
certain jurisdictions may be restricted by law and therefore
persons in such jurisdictions into which this announcement is
released, published or distributed should inform themselves about
and observe such restrictions.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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