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Astarta almost moves from Netherlands to Cyprus, receives temporary registration under new jurisdiction

KYIV. Sept 23 (Interfax-Ukraine) – Cyprus has issued a temporary certificate of continuation of activity to the parent company of Astarta agro-industrial holding, Astarta Holding N.V, certifying its registration as a company temporarily operating in the Republic of Cyprus under the name Astarta Holding PLC.

The holding reported on the Warsaw Stock Exchange that the corresponding certificate was issued to the company on September 16 by the department of the registrar of companies and intellectual property of the Ministry of Energy, Commerce and Industry of the Republic of Cyprus.

It is specified that Astarta received a temporary certificate of registration in Cyprus as part of the ongoing process of its cross-border migration to the jurisdiction of Cyprus from the Dutch jurisdiction.

"The migration has taken effect, which means that the company was temporarily registered in Cyprus under the name Astarta Holding PLC, the seat of the company was transferred from Amsterdam (the Netherlands) to Nicosia (Cyprus). The company lost its legal address in the Netherlands and began its activities under the name Astarta Holding PLC," the holding said.

At the same time, the formal completion of the legal migration will occur after Astarta receives the final certificate of continuation of its activities, for which it needs to provide evidence of the official transfer of registration from the Dutch commercial register (Handelsregister) to the companies registry in Cyprus within 6 months after receiving the temporary certificate of registration.

According to the report, the change of jurisdiction of Astarta took place without dissolution of the company, termination of its existence or reincorporation, its shares were not replaced by new shares and remain listed on the Warsaw Stock Exchange. Also, the migration does not affect the voting rights and the right to profit of the company’s shareholders.