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Standard Chrtrd PLC - Delisting of Indian Depository Receipts

RNS Number : 7866T
Standard Chartered PLC
22 July 2020
 

 

Standard Chartered PLC


Completion of Delisting of Indian Depository Receipts


22 July 2020  

 

 

Standard Chartered PLC (the Group) announced on 9 March 2020 that it intended to terminate its Indian Depository Receipt (IDR) programme. The Group has now completed the termination of the IDR programme, and accordingly the IDRs have been delisted from BSE Limited and the National Stock Exchange of India Limited, in India.

 

As at 19 June 2020, there were around 7.5 million IDRs outstanding from the original 240 million IDRs that were issued in 2010. The approximately 750,000 underlying Group ordinary shares that these IDRs represented were sold on the London Stock Exchange on 22 June 2020 and the net sale proceeds distributed to the relevant IDR holders.

 

 

Enquiries to:

Mark Stride, Head of Investor Relations                 +44 (0) 20 7885 8596

Julie Gibson, Head of Media Relations                   +44 (0) 20 7885 2434

 


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Quick facts: Standard Chartered PLC

Price: 336.8

Market: LSE
Market Cap: £10.63 billion
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