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U.S. Oil & Gas plc - Rematerialisation of Share Certificates
PR Newswire
Rematerialisation of Share Certificates
U.S. Oil & Gas Plc, ( USOIL or the Company ), the oil and gas exploration company with assets in Nevada, makes the following announcement:
As a result of Brexit, Euroclear UK & Ireland, a UK-incorporated company, will cease to provide Issuer Central Securities Depository (CSD) services to Irish corporate securities via the Crest system as of 30 June 2021.
Irish companies were presented with two alternative courses of action they could take in response to this development: corporate securities could be migrated from Euroclear UK & Ireland to Euroclear Bank (Belgium). Or, a company could choose not to migrate and instead require shares to be rematerialised as physical share certificates to be held by the shareholder or their registered agent such as a broker.