REG - Noida Toll Bridge Co - Global Depositary Receipts Update <Origin Href="QuoteRef">NOID.NS</Origin>

Noida Toll BridgeAnnouncement

05/10/2016 08:00

RNS Number : 6862L
Noida Toll Bridge Co. Ltd.
05 October 2016
Noida Toll Bridge Company Limited
("NTBCL" or the "Company")
Regd. Office: Toll Plaza, DND Flyway, Noida 201 301, Uttar Pradesh, India
Global Depositary Receipts Update
The Company announces that it has received a letter of resignation from its Global Depositary Receipts ("GDR") depositary, Deutsche Bank Trust Co. Americas ("Depositary"). The agreement between the Company and its Depositary ("Depositary Agreement"), entered into on 21 March 2006, was for a period of 10 years and as such expired on 31 March 2016. 
As per the terms of the Depositary Agreement and the letter of resignation, the resignation will become effective on 19 December 2016, following which the Depositary Agreement will be terminated 90 days thereafter.
The Company is exploring available options in respect of the GDR facility, and a further announcement will be made in due course. 
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further details please contact: 
Noida Toll Bridge Company Limited 
Monisha Macedo 
00 91 981 002 4488
Cairn Financial Advisers LLP
Sandy Jamieson, Emma Earl 
00 44 207 148 7900
About the Company:
NTBCL is a special purpose vehicle promoted by Infrastructure Leasing and Financial Services Limited, a specialist financial institution focusing on the development and financing of infrastructure, to construct and operate the Delhi Noida Toll Bridge on a build, own, operate and transfer basis. The Delhi Noida Toll Bridge is a tolled facility connecting Noida to South Delhi across the Yamuna River. The Company's principal business is operating the bridge and the Company generates revenues mainly through the levy of toll charges on users of the bridge.

This information is provided by RNS
The company news service from the London Stock Exchange
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