REG - Public Power Corp - Delisting of GDR s issued by PPC.S.A. <Origin Href="QuoteRef">DEHr.AT</Origin>

Public Power SAAnnouncement

02/11/2017 08:50

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RNS Number : 3701V
Public Power Corporation S.A.
02 November 2017 
 
Announcement 
 
Delisting of Global Depository Receipts issued by PPC.S.A. 
 
Public Power Corporation S.A. wishes to announce that intends to cancel the
listing of its Global Depositary Receipts ("GDRs") representing interests in
ordinary shares on the Official List. This will result in the cancellation of
trading of its GDRs on the London Stock Exchange ("LSE"). 
 
Bank of New York Mellon (the "Depositary") has already circulated a
termination notice relating to the GDR programmes. 
 
The cancellation of listing refers to GDRs with the features presented below,
together with other information relevant to the delisting: 
 
1.   Name of Issuer 
 
Public Power Corporation S.A. (PPC S.A.) 
 
2.   Securities subject to cancellation of listing and trading 
 
 Issuer Name                           ISIN          CUSIP      RIES                   
 PUBLIC POWER CORP - 144A - Euro Den.  XS0139849052  013984905  London Stock Exchange  
 PUBLIC POWER CORP S.A.                XS0139847601  013984760  London Stock Exchange  
 
 
3.   Reason for cancellation of listing and trading 
 
The Company has decided to delist its depositary receipts due to the fact that
there has been no trading activity in the last years and thus, the costs
related to maintaining the listing are not justifiable. 
 
4.   Schedule of cancellation of listing and trading 
 
The cancellation of listing and trading of GDRs on the LSE shall be effective
at 8:00 am on Wednesday, 29 November 2017 (the "Delisting Date"). 
 
The GDRs will not be listed or traded anywhere else after the Delisting Date. 
 
It is noted that the Company's shares will continue to be traded in Greece on
the Athens Stock Exchange. 
 
Athens, November 2, 2017 
 
This information is provided by RNS
The company news service from the London Stock Exchange