REG - Ashok Leyland Ld - Delisting of GDRs <Origin Href="QuoteRef">ASOK.NS</Origin>

Ashok LeylandAnnouncement

30/09/2016 12:45

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
Ramanathan.N5@ashokleyland.com
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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