Global Depositary Receipts Update
08/02/2017 12:26
RNS Number : 3603W
Noida Toll Bridge Co. Ltd.
08 February 2017
Noida Toll Bridge Company Limited
("NTBCL" or the "Company")
Termination of Deposit Agreement
Further to the announcement dated 5 October 2016, the Company announces that despite its best efforts, given the small size of its GDR program, it has not been able to appoint a successor depositary in order to continue the current GDR facility. The Company has now received a termination letter from Deutsche Bank Trust Co. Americas, the current depositary, with termination to take effect on or around 4 May 2017, whereupon the GDR facility will cease to exist. Prior to the date of termination, GDR holders may convert their GDRs into the underlying Equity Shares which are listed on the National Stock Exchange and Mumbai Stock Exchange in India. Otherwise, the Depositary shall, in accordance with the terms of the Deposit Agreement dated March 21, 2006, sell the underlying equity shares of the Company held by it and deliver the net proceeds thereof in US Dollars to the respective GDR holders.
For further details please contact:
| Noida Toll Bridge Company Limited | |
| Harish Mathur | 00 91 120 2516380 |
| Cairn Financial Advisers LLP | |
| Nominated Adviser | |
| Sandy Jamieson, Emma Earl | 00 44 207 213 0880 |
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