Yew Grove REIT plc (LON:YEW), the AIM and Euronext Growth listed regional Irish commercial property investor, has announced that a circular to shareholders and a notice convening an Extraordinary General Meeting of the Company are today being sent to shareholders. The circular to shareholders and the notice of EGM are available for inspection on the Company’s website.
Yew Grove’s EGM will be held at 10.00am on 4 February 2021 at the offices of William Fry, 2 Grand Canal Square, Dublin 2, Ireland.
The EGM is being convened to seek the approval of shareholders to certain resolutions which are intended to facilitate the migration of the Company’s ordinary shares from the CREST System to the central securities depository (“CSD”) system operated by Euroclear Bank SA/NV, an international CSD incorporated in Belgium, following the withdrawal of the UK from the EU and to make subsequent changes to the Company’s Articles of Association (the “Resolutions”).
The approval of the Resolutions is necessary to ensure the continuation of electronic settlement of the Company’s ordinary shares when traded on Euronext Growth and AIM and to remain eligible for continued admission to trading on those exchanges, which is essential to the interests of the Company and its shareholders.
The Board strongly urges shareholders to consider the contents of the circular in its entirety, including the documents referred to therein, and to consider the Board’s recommendation to vote in favour of the proposed Resolutions.
Yew Grove REIT considers the well-being of shareholders, employees and attendees a top priority. Based on the latest available guidance from the Health Service Executive (“HSE”) in Ireland, we expect the EGM to proceed on 4 February 2021, but under very constrained circumstances.
In line with the measures advised by the HSE and Irish Government recommendations on public gatherings, we plan to put in place a number of measures to minimise the risk of spreading the Coronavirus (COVID-19) at the EGM and we encourage all shareholders, on this occasion, to complete and return their Proxy Forms as soon as possible, to ensure that their vote is registered at the EGM and to minimise the need to attend in these unprecedented circumstances.
Given the severity of the circumstances and the health risks involved, the Directors will take all appropriate safety measures to ensure the safety of any attendees and others involved in the EGM, including restricting attendance at the EGM, should it be deemed necessary to do so.
The Board encourages shareholders to check Regulatory Information Services and the Company’s website www.ygreit.ie for any updates in relation to the EGM. Shareholders are also encouraged to keep up-to-date with Government announcements and to follow HSE/World Health Organisation guidance.