Business
Removal of US Securities Law Restrictions
Removal of US Securities Law Restrictions.
About this update from Renalytix Plc
[{"type":"text","content":"\n \n \n RNS Number : 9654L\n Renalytix AI PLC\n 05 May 2020\n \n \n \n \n \n \n \n Renalytix AI plc\n \n \n (\"RenalytixAI\", the \"Company\")\n \n \n \n \n \n Removal of US Securities Law Restrictions on Ordinary Shares\n \n \n \n \n \n Renalytix AI plc \n (LSE\n : RENX), the AIM-traded developer of clinical grade artificial intelligence in vitro diagnostics for kidney disease, announces\n \n \n that, following legal advice, it has taken the decision to remove the offering restrictions imposed by US securities law on all ordinary shares\n \n of £0.0025 each in the capital of the Company (\"Ordinary Shares\"). Details of these restrictions were set out in Part 12 of the Company's admission document dated 5 November 2018 and in the Company's announcement dated 23 July 2019 relating to a placing of Ordinary Shares.\n \n \n \n \n \n \n The Company's registrar, Link Asset Services, will remove the \"REG S\" marker on Ordinary Shares held in the CREST system on or around the date of this announcement. From such time, the Ordinary Shares will not have any restrictive legends applied in the CREST system. The ISIN (GB00BYWL4Y04) and SEDOL code (BYWL4Y0) of the Ordinary Shares will remain unchanged. \n \n \n \n \n \n Certificates for Ordinary Shares held in certificated form will not be reissued. Current share certificates for Ordinary Shares will remain valid and the restrictive legend appearing on the certificates will no longer be relevant. Any new share certificates issued by the Company will not contain the restrictive legend.\n \n \n \n \n \n Holders of Ordinary Shares do not need to take any action in this regard. However, if a holder of Ordinary Shares would like to exchange his or her existing share certificate for a new share certificate without the restrictive legend, the existing share certificate should be sent by post to Link Asset Services at 34 Beckenham Road, Beckenham, Kent BR3 4TU, along with a corresponding request for a new share certificate without the restrictive legend. Link Asset Services will charge a fee for issuing a new share certificate in accordance with its usual procedures. \n \n \n \n \n \n \n \n \n For further information, please contact:\n \n \n \n \n \n \n \n \n \n Renalytix AI plc&nbs...