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

Noida Toll BridgeAnnouncement

08/02/2017 12:30

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

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