Welcome to edition 22 of your shareholder newsletter.
We are pleased to announce that, following approval by the UK High Court on 16 November, the Transfer Scheme to move the legal seat of the holding company from the UK to Belgium became effective on 19 November. The relocation of the holding company to Belgium represents an important step in your Company’s history and guarantees that its seat remains located inside the European Union.
Reaching this milestone has been made possible by the active engagement of our shareholder community. There was a very high turnout for the shareholder meeting on 7 November; and you voted overwhelmingly in favour of the scheme. On behalf of the Board, I would like to extend our thanks for your support.
Each share in Euroclear plc was exchanged for an equivalent share in Euroclear Holding SA, our new Belgian holding company, when the scheme became effective on 19 November. By the end of November, each shareholder will receive a statement of entitlement that shows its holding in Euroclear Holding SA.
Euroclear Holding SA will acquire registered title to shares in Euroclear plc (which will be re-registered as a private company) following review by UK tax authorities of our application for stamp duty relief. We anticipate that this process will be completed by the end of the year. However, Euroclear Holding SA became the beneficial owner of all the shares in Euroclear plc with effect form 19 November and there is no further action you need to take in relation to your Euroclear plc shares.
We would once again like to thank you for your ongoing support that has ensured the successful completion of our corporate evolutions.