Notice to holders of Icelandic Depository Receipts Simplification and streamlining of Amaroq’s securities under a single ISIN
Amaroq (OTCQX: AMRQF) will convert Icelandic Depositary Receipts (IDRs, ISIN IS0000034569) into Depositary Interests (DIs) to unify its equity under a single ISIN (CA02311U1030).
The change is technical: underlying Canadian shares, shareholder rights (dividends, voting, corporate actions) and trading on Nasdaq Iceland in ISK remain unchanged. IDRs issued by Arion Banki will be discontinued and replaced by DIs issued by Computershare, affiliated into Nasdaq CSD Iceland via CREST. Conversion will be automatic and investors do not need to act. The company will announce the effective date after operational arrangements are complete.
Amaroq (OTCQX: AMRQF) convertirà i Depositary Receipts islandesi (IDR, ISIN IS0000034569) in Depositary Interests (DI) per unificare la propria equity sotto un unico ISIN (CA02311U1030).
Il cambiamento è tecnico: le azioni canadesi sottostanti, i diritti degli azionisti (dividendi, voto, azioni corporate) e la negoziazione su Nasdaq Iceland in ISK rimangono invariati. Gli IDR emessi da Arion Banki saranno interrotti e sostituiti da DI emessi da Computershare, affiliati a Nasdaq CSD Iceland via CREST. La conversione sarà automatica e gli investitori non devono agire. L'azienda annuncerà la data effettiva una volta che le disposizioni operative saranno complete.
Amaroq (OTCQX: AMRQF) convertirá los Depositary Receipts islandeses (IDRs, ISIN IS0000034569) en Depositary Interests (DIs) para unificar su patrimonio bajo un único ISIN (CA02311U1030).
El cambio es técnico: las acciones canadienses subyacentes, los derechos de los accionistas (dividendos, votación, acciones corporativas) y la negociación en Nasdaq Iceland en ISK permanecen sin cambios. Los IDRs emitidos por Arion Banki serán descontinuados y reemplazados por DIs emitidos por Computershare, afiliados a Nasdaq CSD Iceland a través de CREST. La conversión será automática y los inversores no necesitan actuar. La empresa anunciará la fecha de efectividad una vez que se completen los arreglos operativos.
Amaroq (OTCQX: AMRQF)는 아이슬란드 예탁증서(IDR, ISIN IS0000034569)를 예탁지분(DI)으로 전환하여 자본을 하나의 ISIN(CA02311U1030) 아래로 통합합니다.
변경은 기술적입니다: 기초 캐나다 주식, 주주 권리(배당, 의결권, 기업행동) 및 ISK로의 Nasdaq Iceland에서의 거래는 변경되지 않습니다. Arion Banki가 발행한 IDR은 중단되고 Computershare가 발행하는 DI로 대체되며 CREST를 통해 Nasdaq CSD Iceland에 연결됩니다. 전환은 자동으로 이루어지며 투자자는 아무 조치도 할 필요가 없습니다. 운영 준비가 완료된 후 회사가 발효일을 발표할 것입니다.
Amaroq (OTCQX: AMRQF) convertira les Depositary Receipts islandais (IDRs, ISIN IS0000034569) en Depositary Interests (DIs) afin d’unifier son capital sous un seul ISIN (CA02311U1030).
Le changement est technique: les actions canadiennes sous-jacentes, les droits des actionnaires (dividendes, droit de vote, actions corporatives) et la négociation sur Nasdaq Iceland en ISK restent inchangés. Les IDR émis par Arion Banki seront abandonnés et remplacés par des DI émis par Computershare, affiliés à Nasdaq CSD Iceland via CREST. La conversion sera automatique et les investisseurs n'ont pas à agir. L'entreprise annoncera la date d'effet une fois les arrangements opérationnels terminés.
Amaroq (OTCQX: AMRQF) wird isländische Depositary Receipts (IDRs, ISIN IS0000034569) in Depositary Interests (DIs) umwandeln, um sein Eigenkapital unter einer einzigen ISIN (CA02311U1030) zu vereinheitlichen.
Die Änderung ist technisch: Die zugrunde liegenden kanadischen Aktien, die Rechte der Aktionäre (Dividenden, Stimmrechte, Unternehmensmaßnahmen) und der Handel an der Nasdaq Iceland in ISK bleiben unverändert. Von Arion Banki ausgegebene IDRs werden eingestellt und durch von Computershare ausgegebene DIs ersetzt, die über CREST mit Nasdaq CSD Iceland verbunden sind. Die Umwandlung erfolgt automatisch und Investoren müssen nichts tun. Das Unternehmen wird das Wirksamkeitsdatum bekannt geben, sobald die betrieblichen Vorkehrungen abgeschlossen sind.
Amaroq (OTCQX: AMRQF) سيحوِّل أذونات الإيداع الأيسلندية (IDRs, ISIN IS0000034569) إلى مصالح الإيداع (DIs) لتوحيد رأس المال تحت ISIN واحد (CA02311U1030).
التغيير تقني: الأسهم الكندية الأساسية، حقوق المساهمين (الأرباح، التصويت، الإجراءات الشركاتية)، والتداول على Nasdaq Iceland بالعملة ISK تظل بلا تغيير. ستتوقف IDRs الصادرة عن Arion Banki وتُستبدل بـ DIs صادرة عن Computershare، مرتبطة بـ Nasdaq CSD Iceland عبر CREST. التحويل سيتم تلقائياً ولا يحتاج المستثمرون إلى اتخاذ أي إجراء. ستعلن الشركة عن تاريخ النفاذ بمجرد اكتمال الترتيبات التشغيلية.
Amaroq (OTCQX: AMRQF) 将把冰岛存托凭证(IDRs, ISIN IS0000034569) 转换为存托权益(DIs)，以将其股本统一为一个 ISIN (CA02311U1030)。
这一变更是技术性的：基础加拿大股票、股东权利（股息、表决、公司行动）以及在 Nasdaq Iceland 以 ISK 交易的部分保持不变。Arion Banki 发行的 IDRs 将停止发行并由 Computershare 发行的 DI 取代，通过 CREST 连接至 Nasdaq CSD Iceland。转换将自动进行，投资者无需采取任何行动。公司将在运营安排完成后宣布生效日期。
- Iceland holdings unified under single ISIN CA02311U1030
- Conversion is automatic—investors do not need to act
- Trading on Nasdaq Iceland continues in ISK with no interruption
- Shareholder rights (dividends, voting, corporate actions) remain unaffected
- Existing IDR programme (ISIN IS0000034569) will be discontinued
- Effective date is pending—conversion occurs after operational arrangements
Reykjavík, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Amaroq Ltd.
(“Amaroq” or the “Company”)
Notice to holders of Icelandic Depository Receipts
Simplification and streamlining of Amaroq’s securities under a single ISIN
TORONTO, ONTARIO – 21 October 2025 – Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), announces that its Icelandic Depositary Receipts (“IDRs”) (ISIN IS0000034569), currently issued by Arion Banki hf., will be automatically converted into Depositary Interests (“DIs”). The DIs, issued by Computershare Investor Services PLC and affiliated into Nasdaq CSD Iceland through its link with CREST, will unify Amaroq’s equity securities under a single ISIN. This simplification streamlines cross-border settlement and administration, while ensuring Icelandic investors continue trading on Nasdaq Iceland in ISK, as before. As Depositary Interests replicate direct shareholding, the change is a technical adjustment only, with no impact on underlying shares or investor rights.
What is changing?
- The IDR programme operated by Arion Banki hf. will be discontinued.
- Instead of IDRs, investors will hold securities entitlements through Depositary Interests (DIs), which are dematerialised securities, representing Amaroq’s Canadian common shares.
- DIs are a standard form of security in the UK that allow overseas shares to be held and trades settled through CREST. In Iceland, these DIs will be affiliated into Nasdaq CSD Iceland, so they appear and function in the same way as any other securities held in Icelandic custody.
- The change ensures that shareholders’ holdings in Iceland will now be under the same ISIN as the Company’s Canadian shares and DIs (CA02311U1030).
- On the effective date, IDRs (IS0000034569) will be removed from investor accounts in Nasdaq CSD Iceland, and an equivalent number of DI entitlements (CA02311U1030) will be automatically credited.
What is not changing?
- The underlying Canadian shares remain exactly the same.
- Shareholder rights and entitlements (dividends, voting and corporate actions) remain unaffected and will be processed through Nasdaq CSD Iceland.
- The Company’s AIM listing remains unaffected, and trading will continue as usual.
- Trading on Nasdaq Iceland continues as before, in ISK, with no interruption.
- Investors do not need to take any action - the conversion will be automatic.
Effective date and further information
The conversion from IDRs to DIs will take effect following completion of the necessary operational arrangements. The Company will announce the effective date and provide further practical details for investors once confirmed in coordination with all relevant parties, including Nasdaq CSD Iceland, Arion Banki and Computershare Investor Services PLC.
For technical information or to prepare internal procedures ahead of the conversion, custodians may contact Nasdaq CSD Iceland at csd.iceland@nasdaq.com.
Enquiries:
Amaroq Ltd. c/o
Ed Westropp, Head of BD and Corporate Affairs
+44 (0)7385755711
ewe@amaroqminerals.com
Eddie Wyvill, Corporate Development
+44 (0)7713 126727
ew@amaroqminerals.com
Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Freddie Wooding
+44 (0) 20 7886 2500
Canaccord Genuity Limited (Corporate Broker)
James Asensio
Harry Rees
Tel: +44 (0) 20 7523 8000
Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980
amaroq@camarco.co.uk
For Company updates:
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Further Information:
About Amaroq
Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company’s principal asset is a
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Inside Information
This announcement does not contain inside information.
FAQ
What will happen to Amaroq (AMRQF) IDRs on Nasdaq CSD Iceland after October 21, 2025?
Do Amaroq (AMRQF) shareholders in Iceland need to take any action for the IDR-to-DI conversion?
Will the Amaroq (AMRQF) conversion change shareholder rights like dividends or voting?
Which institutions are involved in Amaroq's (AMRQF) securities simplification?
Will trading of Amaroq (AMRQF) on Nasdaq Iceland be interrupted during the conversion?
When will Amaroq (AMRQF) announce the effective date for the IDR-to-DI conversion?
