REG - Public Power Corp - Delisting of Global Depository Receipts issued PPC <Origin Href="QuoteRef">DEHr.AT</Origin>

Public Power SAAnnouncement

25/10/2017 07:51

RNS Number : 5545U
Public Power Corporation S.A.
25 October 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
Power Public 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 5:00 PM (Eastern Time) on Tuesday, 28 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, October 25, 2017 

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