This is in terms of Chapter VII of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”) which governs the obligations of the entities which have issued IDRs.
The Company had informed the Stock Exchange that they had provided the holders of the IDRs of the Company (the “ IDR Holders”) with the opportunity to surrender IDRs held by them (between June 17, 2019 to August 30, 2019) and requested the sale of the shares underlying such IDRs on the London Stock Exchange (“the LSE”) in the United Kingdom (“the Surrender & Sale process”).
In this respect, the Company has now informed that valid Instruction Letter was received from IDR Holder in the week of July 15, 2019 to July 19, 2019 for surrender of 8650 IDRs. Accordingly, 865 Shares underlying the 8650 IDRs were sold on the LSE under the Surrender and Sales Process in the week of July 22, 2019 to July 26, 2019.
The detail of Surrender & Sale Program of IDRs of Standard Chartered PLC is given below:
|
Name of the Company
|
Scrip Code
|
Securities
|
Distinctive Nos.
|
|
Standard Chartered PLC
|
580001
|
8650 IDRs
|
9674071-9682720
|
The detail of listed IDRs of Standard Chartered PLC after above Surrender & Sale Program is given below:
|
Name of the Company
|
Scrip Code
|
Securities
|
Distinctive Nos.
|
|
Standard Chartered PLC
|
580001
|
9674070 IDRs
|
1 to 9674070
|
Trading Members of the Exchange are requested to take note of the same.
In case the trading members require any clarification, they may please contact Rupal Khandelwal on Tel: 2272 8262.
Rupal Khandelwal
Senior Manager
August 13, 2019 |