Australian Securities Exchange Delisting

RNS Number : 0010F

Harvest Minerals Limited

22 July 2016

 

22 July 2016

Harvest Minerals Limited

("Harvest" or the "Company")

Australian Securities Exchange Delisting

Harvest Minerals Limited (AIM:HMI) today announces that its securities have ceased trading on the Australian Securities Exchange ("ASX") at 4pm Australian Eastern Standard Time.

As announced on 26 May 2016, the Company applied to the ASX and was subsequently given approval to be removed from the official list of the ASX. The ASX has confirmed that Harvest securities will be delisted from the ASX and therefore no longer be traded on the ASX after the close of trading today.

No change will occur to the quotation and trading of Harvest shares on the Alternative Investment Market ("AIM"), other than the Company being allocated a new international securities identification number ("ISIN") of AU000XINEAB4, which takes effect on 25 July 2016.

Implications for holders on the Australian register

Following Harvest's removal from the Official List:

·    All Shareholders on the Australian Register will have their CHESS and Issuer Sponsored holdings converted to certificated holdings following the ASX delisting. This process will occur automatically and no action will be required by Shareholders. The sub-register will be unlisted and accordingly the securities will not be able to be traded on the ASX;  

·    In order to trade Harvest securities on AIM, Shareholders on the unlisted Australian Register will need to convert their Harvest shares into "depository interests" (DI's) to facilitate trading via CREST. CREST is a UK computerised paperless share transfer and settlement system which allows shares and other securities to be held in electronic rather than paper form and transferred otherwise than by written instrument. CREST is a voluntary system and those who wish to continue to hold their Harvest shares on the Australian register, will be able to do so (although this will preclude the holder from being able to trade those Harvest shares on AIM); and

·    From the 3 August 2016 Computershare Investor Services Pty Limited in Australia will maintain the unlisted Register.

Harvest's UK share registry, Computershare Investor Services PLC ("Computershare UK"), holds and issues "depository interests" in respect of, and representing, on a one-for-one basis, Harvest shares ("Harvest DIs").

Holders of Harvest's DIs will have the same rights as holders of Harvest shares, including but not limited to, the right to:

·    receive notices of meetings and other notices issued by Harvest;

·    exercise the voting rights attached to the underlying Harvest shares; and

·    receive any dividends paid by Harvest from time to time with Harvest shareholders.

The Harvest DIs will be independent securities and will be held on a Depositary register maintained by Computershare UK.

Shareholders on the Australian Register wishing to hold their Harvest DIs in CREST or trade Harvest DIs on AIM will be required to wait until they have received their certificates of holding for their Harvest shares and engage the service of a broker who is able to accept the Depositary Interests into the CREST, and then proceed to convert those Harvest shares to Harvest DIs.

To assist Australian Shareholders who may want to trade Harvest DIs on AIM following Harvest's removal from the Official List, Harvest has appointed Patersons Securities Limited to facilitate trading in Harvest DIs for a period of three months following Harvest's removal from the Official List.

Alternatively, Australian Shareholders can contact an authorised UK stockbroker and establish an account with them or an Australian stockbroker who has an existing account with UK stockbrokers that they can utilise for the purpose of trading in AIM securities (such as Harvest DIs) by their clients. Upon request, Harvest can provide contact details for such UK or Australian stockbrokers who can facilitate trading of Harvest DIs on AIM.

Shareholders on the Australian Register who have any questions in relation to CREST or Harvest DIs can contact the Share Register on the below contact details:

Enquiries on the Australian Share Register           Enquiries on Depository Interest Register

Computershare Investor                                                            Computershare Investor Services PLC

Services Pty Limited                                                                    + 44 (0) 370 702 0000

1300 850 505 (within Australia)

[phone] (from overseas)

Company Enquiries:

Harvest Minerals Limited	Brian McMaster, Chairman	Tel: [phone]
Strand Hanson Limited (Nominated & Financial Adviser)	Rory Murphy James Spinney Ritchie Balmer	Tel: [phone]
Mirabaud Securities LLP (Broker) Beaufort Securities (Broker) Buchanan (Financial PR)	Rory Scott Ed Haig-Thomas Jon Belliss Bobby Morse Anna Michniewicz	Tel: + 44 20 7878 3360 Tel: + 44 20 7878 3447 Tel: + 44 20 7382 8300 Tel: [phone]

 

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