Business
CREST Admission
CREST Admission.
About this update from Somero Enterprises, Inc.
[{"type":"text","content":"\n Somero Enterprises Inc.\n29 February 2008\n\n\n\n29 February 2008\n\n\n\n THIS ANNOUNCEMENT MAY NOT BE RELEASED, PUBLISHED OR DISTRIBUTED IN OR INTO THE\n UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR TO US PERSONS (AS DEFINED IN\n REGULATION S UNDER THE US SECURITIES ACT OF 1933, AS AMENDED) OR TO RESIDENTS,\n NATIONALS OR CITIZENS OF CANADA, JAPAN OR AUSTRALIA.\n\n\n\n Somero Enterprises, Inc. (R)\n\n\n\n CREST Admission\n\n\n\nSomero Enterprises, Inc. (R) ('Somero' or the 'Company') is pleased to announce\nthat following its entry today into the CREST system, the Company's shareholders\nwill now, under certain conditions, be able to hold and transfer their common\nstock in the Company electronically.\n\n\n\nThe Company, using the services of Computershare Investor Services Plc (the '\nDepositary'), has established a depository interest facility whereby interests\nrepresenting shares are issued to shareholders wishing to hold their shares in\nan electronic format within the CREST system. These interests, known as\nDepository Interests ('DIs'), are created through a trust deed executed by the\nDepositary. The underlying shares will continue to be traded, while the DIs are\ntransferred in the CREST system in settlement of those trades. Holders of DIs\nhave the same rights as holders of common shares in the Company. There will be\nno change to the Company's ISIN number (USU834501038) as a result of this move\nand both the shares and DIs will be represented by this number.\n\n\n\nCREST System\n\n\n\nCREST is an electronic paperless share transfer and settlement system which\nallows shares and other securities (including DIs) to be held in electronic\nrather than paper form. The Company expects that entry into CREST will\nfacilitate faster and more efficient trade settlement.\n\n\n\nAdmission to the CREST System\n\n\n\nShares will be eligible for settlement through CREST in the form of DI's only if\nthey fulfil certain criteria established by the Company as well as meeting the\nseparate requirements of the CREST system.\n\n\n\nIn order for shareholders of the Company's common stock to be eligible to settle\nthrough CREST, they must complete a Declaration Form to certify that their\nshares are not 'restricted securities' under the regulations of the US\nSecurities and Exchange Commission ('SEC'). For example, in most cases, shares...