150th
Live DI
We are delighted to announce that
Enova Systems recently became our
150th UK Depositary Interest client. Enova is a leading supplier of
environmentally friendly digital power components, most commonly used in
commercial vehicles saving fuel and reducing pollution.
Enova had previously engaged Computershare to support their US (AMX) and
UK (AIM) listings. Following the expiry of a restriction period Enova
asked Computershare to create a Depositary Interest to facilitate their
UK listing CREST settlement requirement.
As part of the Computershare DI implementation process we identified
that there was an existing CREST Depositary Interest. After comparing
the CDI with the Computershare DI product, Enova and their advisors were
keen to transfer to Computershare’s DI service to ensure transparency
and enhance shareholder communication.
Through Computershare’s global online reporting system, Enova are able
to enjoy a consolidated online view of all registered and depositary
interest holders held on Computershare’s system.
“It was essential that there was no disruption to the market in terms
of settled trades. Computershare managed the entire process and provided
a seamless transition from the CREST Depositary Interest settlement
mechanism to their own Depositary Interest service.”
Jarett Fenton, Chief Financial Officer, Enova Systems