HRC World PLC Moves Trading to Aquis Stock Exchange
HRC WORLD PLC
TICKER: HRC
ISIN: GB00BZ3CDY20
HRC World Plc has exciting news for its shareholders regarding a major shift in its trading venue. The company will be transitioning its ordinary shares of €0.01 each from Nasdaq Copenhagen to the Aquis Stock Exchange (AQSE) in the UK. This change reflects HRC's commitment to streamline operations and enhance growth opportunities for its future.
Transition Details
Previously, trading in HRC's ordinary shares began on the Aquis Stock Exchange Growth Market Access Category as announced in a recent update. The change is primarily due to VP Securities A/S (Euronext) deciding to discontinue services that maintained HRC's mirrored securities in Denmark. Despite ongoing discussions and appeals from HRC to retain these crucial services, a viable resolution could not be achieved.
Being listed on Nasdaq First North Copenhagen since February 2018, HRC has relied heavily on VP Securities A/S for their operations in Denmark. HRC expresses gratitude towards VP Securities and Nasdaq Copenhagen for their support throughout the years.
Effective Transition Timeline
The Board of HRC has made the firm decision to transition entirely towards the AQSE. The official delisting from Nasdaq First North Growth Market in Copenhagen is set to take place on a specific date in October 2025, marking a new chapter for the company. Shareholders will experience the following impacts during this transition:
Impacts on Shareholders
- Shareholders whose holdings are recorded in CREST UK will continue to trade without any interruptions.
- Those with shares in Euronext/VP will also be able to trade on the AQSE. Affected shareholders are encouraged to connect with their local brokers to ensure smooth transitions concerning trading and settlement arrangements.
Support for Shareholders
In preparation for the transition, HRC has allocated time until October 2025 for necessary administrative adjustments before VP Securities ceases its operations. Investors are advised to reach out to their brokers for any clarifications regarding their individual trading processes. Furthermore, HRC has partnered with Optiva Securities Ltd to assist shareholders in navigating this transition effectively.
The company recognizes the drawbacks of not maintaining its presence on Nasdaq Copenhagen but sees this move as a strategic step forward. This shift to AQSE is seen as beneficial, not only simplifying HRC's market strategy but also enhancing shareholder access and supporting its long-term goals.
About HRC World Plc
HRC World Plc operates as a public company with a focus on developing and managing small to medium-sized distributed data centers. These centers provide co-location services, ensuring secure and reliable environments for clients' critical IT systems. HRC is also exploring innovative sustainable energy solutions, including solar, wind, and biogas, along with advanced technologies such as nano-nuclear reactors.
For further assistance or inquiries, HRC welcomes communication using the following contact information:
Company Contact Details:
HRC World Plc,
+603 7786 0500
info@hrcplc.co.uk
Advisory Support:
Optiva Securities Limited
Mr. Vishal Balasingham
Tel: +44 (0) 20 3137 1902
Frequently Asked Questions
What prompted HRC World PLC to move trading to AQSE?
The decision comes following VP Securities A/S's withdrawal of services for maintaining mirrored securities, prompting HRC to consolidate trading on AQSE for better accessibility.
How will this transition affect existing shareholders?
Shareholders with CREST UK holdings will see no changes, while those in Euronext/VP must consult brokers for trading arrangements on AQSE.
When will the delisting from Nasdaq Copenhagen occur?
The delisting is anticipated to be effective by October 31, 2025, as HRC transitions fully to AQSE.
What support is available for shareholders during this transition?
HRC has engaged Optiva Securities Ltd to assist shareholders and brokers with the transition process, offering guidance and clarifications.
What is the operational focus of HRC World PLC?
HRC focuses on developing and managing distributed data centers while also exploring sustainable energy innovations for future growth.
