You are here » Home » Companies » Standard Chartered PLC - Announcements

Standard Chartered PLC.

BSE: 580001 Sector: Financials
NSE: STAN ISIN Code: N.A.
BSE 14:46 | 24 Jan 57.75 -0.35
(-0.60%)
OPEN

57.70

HIGH

57.75

LOW

57.70

NSE 14:28 | 24 Jan 58.75 0.65
(1.12%)
OPEN

58.10

HIGH

59.10

LOW

57.60

Update In Relation To The IDR Surrender & Sale Process Of Standard Chartered PLC (The Company)

October 11, 2019, 2:52 pm | Source: BSE | Downlaod PDFDownload PDF

We would like to inform you that the Company has 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 September 30 2019) and request the sale of the Shares underlying such IDRs on the London Stock Exchange in the United Kingdom (the Surrender & Sale Process).

In this regard we would like to bring to your notice that valid Instruction Letters were received from IDR Holders from September 28 2019 till September 30 2019 for surrender of 228850 IDRs requesting sale of Shares underlying such IDRs. Accordingly 22885 Shares underlying the IDRs were sold on the LSE under the Surrender & Sale Process on October 9 2019 and 228850 IDRs will be cancelled as part of the Surrender & Sale Process. With this the Surrender & Sale Process of the Company stands closed.

The number of outstanding IDRs as on October 10 2019 are 8467770 IDRs.

We request you to kindly take note of the above.