If you are looking to dispose of a holding that has restrictions, we can help
The following is required for Glenmede Escrow to arrange the legend removal in accordance with Rule 144 which allows public resale of restricted and control securities subject to a number of conditions being met.
Please contact Glenmede Escrow to discuss the requirements needed for any other exemption being used.
As a non-routine item, notice of the legend removal request will be provided directly to the issuer. The issuer is allowed three business days to agree or dismiss the legend removal, though additional time may be allowed in some instances. If the removal request is not agreed to, Glenmede Escrow will ask the issuer to provide legal justification for the decision, which will be forwarded to the beneficial owner of the holding.
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