Source - RNS
RNS Number : 3663L
Ashok Leyland Ld
30 September 2016
 

 

 

 

 

September 30, 2016

 

Secretary, London Stock Exchange

 (Company Announcement Office)                                                         

 

 

 

 

 

Sub: Application towards delisting of Global Depository Receipts issued by Ashok Leyland Limited

 

This is to inform you that Ashok Leyland Limited (the Company) intends to delist and cancel the Company's Global Depository Receipts representing interests in the Company's ordinary shares ("GDRs") on the Official List, which will result in the cancellation of the trading of its GDRs on the London Stock Exchange. Such delisting is expected to take effect in October 25, 2016.

 

This announcement is given in fulfillment of the obligation under Listing Rule 5.2.8.

 

1.   Name of issuer

 

Ashok Leyland Limited

 

2.   Securities subject to delisting

 

The GDRs are Regulation S GDRs and Rule 144A GDRs each representing 60 Shares with nominal value of Re.1/- each.

For Regulation S GDRs

Symbol: AKLD

ISIN number: USY0266N1192

SEDOL: 4030166

 

For Regulation 144A GDRs

Symbol: AKLS

ISIN number: US0448231029

SEDOL: 2049142

 

3.   Reason for delisting

 

The Company has decided to terminate the GDR listing as there is no trading of GDRs on the London Stock Exchange (LSE).  The company feels that no useful purpose is being served by continuing listing and steps should be taken for delisting the said GDRs from LSE.

  

The Company believes that such delisting would cause no substantial inconvenience to the Company's shareholders and investors.

 

4.   Date of Suspension/cancellation

 

The delisting of the Company's GDR is expected to take effect by October 24, 2016. ("delisting date")

 

5.   Regulated Investment Exchange on which securities are traded

 

The Company maintains its Primary Listing on BSE Limited and National Stock Exchange of India Limited, India.

 

6.   Name and Contact details of the concerned person

 

Mr. N Ramanathan

Company Secretary

1, Sardar Patel Road

Guindy, Chennai - 600 032

[email protected]

Ph - +91 44 - 2220 6094

F- +91 44 2220 6001

 

 

Thanking you,

 

Yours faithfully,

for Ashok Leyland Limited

 

N Ramanathan

Company Secretary


This information is provided by RNS
The company news service from the London Stock Exchange
 
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