Cabot will re-register as a private limited company and adopt the new Articles of Association following the Cancellation.
Directorate Changes
The Company also announces that following the Cancellation,
Secondary Trading following Cancellation
As stated previously, Cabot has put in place an auction-based secondary market trading facility with
The Asset Match trading facility operates under its own code of practice which governs the behaviour of participants and the running of the periodic auctions. Asset Match operates an open auction system where volumes of bids and offers at different prices are displayed on its website, together with the closing date of the auction. At the end of each auction period, Asset Match will pass this information through a non-discretionary algorithm that determines a 'fair' share price based on supply and demand and allocates transactions accordingly. Bids and offers may be made and withdrawn at any time before the closing date of each auction.
Shareholders will continue to be able to hold their shares in uncertificated form (i.e. in CREST) and should check with their existing stockbroker whether they are willing or able to trade in unquoted shares. Shareholders wishing to trade shares through Asset Match must do so through a stockbroker and a comprehensive list of stockbrokers who have signed up to access the Asset Match platform is available on the Asset Match website. The preferred broker of Asset Match is the Share Centre www.share.com.
The Asset Match trading facility will initially be established by the Company for a minimum of one year from the date of Cancellation and will be reviewed by the Company on a quarterly basis thereafter. Full details will be made available to Shareholders on the Company's website at www.cabot-energy.com and directly by letter or e-mail (where appropriate). Shareholders may contact Asset Match in relation to any queries regarding trading via the secondary market trading facility by emailing dealing@assetmatch.com.
Total Voting Rights
Following the issue of 28,615,862 new ordinary shares during the month ended
Contact:
Tel: +44 (0)20 7469 2900
Note to Editors
(C) 2020 Electronic News Publishing, source