Petrel confirms that it has taken all steps required to be taken by it in connection with the proposed migration of the electronic holding and settlement of its shares from the CREST system to the Euroclear Bank system ("Migration").
Migration is expected to take effect on Monday, 15 March 2021, with the migration to Euroclear Bank of the holding and settlement of the securities of all Irish companies with securities that are listed and traded in Dublin and/or London.
As previously announced, at the extraordinary general meeting of the Company held on 23 February 2021 (the "EGM") shareholders approved the Migration and authorised the Board to take all steps necessary to implement it.