Subject to approval by the Local Regulator, the transfer proposal will become effective from the date on which the Company is registered by the Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés de Luxembourg) (the “Effective Date”), it is anticipated that the Effective Date will be on or about 10 March 2019 at 00:00:01am (Luxembourg time) being 11.00.01pm 28 February UK time.