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
ISIN number: USY0266N1192
For Regulation 144A GDRs
ISIN number: US0448231029
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
1, Sardar Patel Road
Guindy, Chennai - 600 032
Ph - +91 44 - 2220 6094
F- +91 44 2220 6001
for Ashok Leyland Limited
This information is provided by RNS