REG - EIH Ld - Delisting of GDRs <Origin Href="QuoteRef">EIHO.NS</Origin>

EIHAnnouncement

07/02/2017 13:20

RNS Number : 2524W
EIH Ld
07 February 2017
EIH Limited
February7, 2017
On November 22, 2016, the Company announced that it intended to cancel the listing of the GDRs on the Official List of the UK Financial Conduct Authority and the admission of the GDRs to trading on the London Stock Exchange (the "GDR Delisting"). The GDR Delisting shall take effect from 7 a.m. (GMT) on February 28, 2017.
Concurrently with delisting the GDRs from the London Stock Exchange, the Deposit Agreement, dated October 7, 1994, between the Company and Bank of New York Mellon (the "Depositary"), (the "Deposit Agreement") will be terminated. As a result of the termination of the Deposit Agreement, the holders of the GDRs have until at least February 28, 2017 to decide whether they would like to retain their interest in the equity shares of the Company. In the event that such holders of the GDRs do not surrender the GDRs and request delivery of the underlying equity shares, they will lose the right to receive those equity shares and instead will be entitled, upon subsequent surrender of the GDRs, to receive the net proceeds of the sale of those equity shares. The date on which the Depositary will sell remaining deposited equity shares has not been determined, but it will not be earlier than February 28, 2017.

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