In UK, Common Shares of Oriel Resources PLC (“ORP”) are represented by CREST Depositary Instruments (“CDIs”).  CDIs are held in uncertificated form on either the Issuer Sponsored sub register (sponsored by the issuer) or the CREST sub register (sponsored by a broker).

In Canada, Common shares of ORP are either certificated (i.e. a physical share certificate is issued in the name of the shareholder) or held though a brokerage account.  Shares that are held through a brokerage account are reflected in ORP’s share register as part of the holding of the Canadian Depository for Securities Limited (“CDS”).

When transferring securities between Canada and UK, care should be taken to ensure that the appropriate instructions are given so that the securities are put on the correct sub register.  If the securities are to be put on the CREST sub register then the HIN (Holder Identification Number) must be quoted.  An SRN (Security Reference Number) will automatically be issued when securities are placed on the Issuer Sponsored sub register.

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If you have any questions or require assistance in transferring securities of ORP between its UK and Canadian registers, please contact:

Computershare UK:
Computershare Investor Services PLC
Tel: +44 (0)870 703 6151 Ext 1855
Fax: +44 (0)0870 703 6116
Email penny.kapp@compushare.co.uk
Computershare Canada:
Computershare Investor Services Inc.
Tel: +1 800 564 6253 or +1 514 982 7555
Fax: +1 866 249 7775 or +1 416 263 9524
Email: service@computershare.com

 

• If the Common Shares are to be represented by a physical share certificate in the name of the shareholder, the holder of a CDI must lodge (by fax or post) a “Register Removal Request” with Computershare Investor Services PLC, +44 (0)870 703 6151 Ext 1855. Fax number +44 (0)0870 703 6116.  The Removal Request must state the SRN.
• Computershare - UK will cancel the CDI’s as soon as possible and instruct Computershare Investor Services Inc., Toronto, Canada to issue a share certificate.
• Delivery instructions for the share certificate must be detailed on a cover letter.  Computershare – Canada will either accept instructions to hold the share certificate for pick-up at its main office in Toronto, or to deliver the share certificate by first class insured mail.  If other delivery arrangements are to be made, they should be discussed with Computershare – Canada in advance.  Telephone contact details for Computershare – Canada are above.
• Normal turn around time for preparing a share certificate is two business days in which case there is no charge for issuance of a certificate.  If a certificate is required on a RUSH basis (i.e. less than two business days) the certificate must be picked up at Computershare – Canada’s main office in Toronto.  A rush fee must also be paid.
• Computershare – Canada’s main office in Toronto is located at:

100 University Avenue, 9th Floor
Toronto, Ontario
M5J 2Y1
Attention:  Corporate Actions

 

• If the Common Shares are to be held by a broker through CDS, the broker IN CANADA must initiate deposit to CDS in the usual manner.  The broker must also complete a “Transmission of Securities” (“TS”) form, to be faxed to Computershare - UK (+44 (0)870 703 6151 Ext 1855) and Computershare - Canada (Corporate Actions Toronto) (+1 416 981 9663).  The original TS form must be forwarded to Computershare - Canada via the CDS envelope system.
• Broker must also fax a completed “Register Removal Request” to Computershare - UK.
• For an “Issuer Sponsored” holding the form must be signed by the holder.
• For a “Broker Sponsored” holding the form must be signed by the holder and also be approved by the sponsoring broker.  The sponsoring broker should affix its Participant Stamp to signify this approval.
• Upon receipt of the faxed TS form and Register Removal Request, Computershare - UK will cancel the CDI’s and instruct Computershare – Canada to proceed.
•  Upon receipt of a deposit request from CDS, the TS form and confirmation from Computershare - UK, Computershare - Canada will credit CDS. 
  Shunting of Stock From Canada to UK – Going From Common Shares to CDIs
  Physical Share Certificate
• The registered shareholder must complete a “Register Removal Request” and deliver it, together with their original share certificate, to Computershare – Canada.  If the transfer between registers is to occur at the same time as a transfer of ownership, the “Procedures for Transfer of Ownership”, below, must be followed.
  Holding through CDS
• Broker to initiate withdrawal from CDS in the usual manner, and to also complete a “Transmission of Securities” (TS) form, to be faxed to both Computershare - Canada (Corporation Actions Toronto) (+1 416 981 9663) and Computershare - UK (+44 (0)870 703 6151 Ext 1855).  The original TS form must be forwarded to Toronto via the CDS envelope system.  Upon receipt of the withdrawal request from CDS and the TS form, Computershare – Canada will debit CDS and notify Computershare – UK, which will then issue the appropriate CDI’s on the UK Register;
• If the CDIs are to be held on the CREST sub register (sponsored by a broker) the HIN must be quoted.  If no HIN is provided the CDIs will be held on the Issuer Sponsored sub register.

 

Procedures For Transfer Of Ownership

 

In addition to transferring shares between the registers maintained in UK and Canada, a shareholder may wish to transfer ownership of his or her securities.  Below is a summary of the procedures to be followed for transfers of ownership no the Canadian and UK registers.

 

Canadian Transfer Procedures     

North American transfer procedures must be followed for all shares held on the Canadian register and represented by a physical certificate.  For shares held by a broker in Canada on behalf of a shareholder, please contact the broker for assistance in transferring shares.
Listed below are the two most typical transfer requests in respect of physical share certificates and the required procedures for each.  Any questions regarding transfer requirements should be directed to Computershare‑Canada shareholder services (+1 800 663 9097 or +1 514 982 9426).

• An Eligible Institution must guarantee all signatures on the transfer forms.  An “Eligible Institution” means a Canadian Schedule 1 chartered bank, a major trust company in Canada, a member of the Securities Transfer Agent Medallion Program (STAMP), a member of the Stock Exchanges Medallion Program (SEMP) or a member of the New York Stock Exchange Inc. Medallion Signature Program (MSP).  Members of these programs are usually members of a recognized stock exchange in Canada or the United States, members of the Investment Dealers Association of Canada, members of the National Association of Securities Dealers or banks and trust companies in the United States.
   
   
  Transfer By an Individual
• The share certificate (or other transfer form) must be signed in exactly the same manner as the registration appearing on the face of the certificate, and the signature must be guaranteed.
• In most instances, assignment of a share certificate is effected by completion of the form of assignment on the back of the certificate.  However, any document that clearly shows the intention of the registered owner to transfer the shares represented by the certificate (s) constitutes a valid assignment.  The separate form of assignment normally takes the form of a Stock Power of Attorney.
   
  Transfer By a Corporation
• The share certificate (or other transfer form) must be signed by duly authorized officers of the corporation with signatures(s) guaranteed as noted above
• A certified extract from the by-laws or a certified copy of resolution of the board of directors granting authority to officers to sell, assign and transfer securities registered in the name of the corporation must be provided.
  If the certified resolution does not specify which officers may sign, by name, then a certificate signed by the secretary of the corporation identifying the persons authorized to sign transfer documents on behalf of the corporation and identifying them as the authorized officers, must be provided.  The Certification of the secretary (as required by above) should:
  1.      State that the extract or copy is a true and complete extract or copy  
           and that the by law or resolution is in full force and effect;
  2.      Be signed by the secretary or an assistant secretary, unless the authority
           to transfer is given to the signing officer, in which case the certifications 
           should be signed by another officer;
  3.      Be under the corporate seal of the transferring corporation (or state that
           the corporation does not have a corporate seal); and
  4.      Be dated within six months prior to the date of transfer.

UK Transfer Procedures

• To transfer CDIs in an off market transaction, a “Standard Transfer Form” must be properly completed and lodged with Computershare – UK.  Copies can be obtained by contacting Computershare – UK at the numbers above.
• To transfer CDIs in a transaction on the London Stock Exchange, please contact a stock broker.