REG - SREI Inf Fin Ltd - Automatic termination of GDR program <Origin Href="QuoteRef">SREI.NS</Origin>

Srei Infrastructure FinanceAnnouncement

14/03/2016 07:00

RNS Number : 9176R
SREI Infrastructure Finance Limited
12 March 2016
Annex 4
Announcement to RNS
Sub:Automatic termination of Global Depositary Receipt ("GDR") program and automatic cancellation of admission to official list of United Kingdom Listing Authority ("UKLA") and cancellation of trading and listing, of GDRs on the Professional Securities Market ("PSM") of London Stock Exchange plc ("LSE")
Ref.: Automatic termination of International Deposit Agreement, executed between Srei Infrastructure Finance Limited ("the Issuer"), Deutsche Bank Trust Company Americas ("Depositary"), Holders, Owners and Beneficial Owners of International Global Depositary Receipts ("GDR"), and Rule 144A Deposit Agreement, executed between the Issuer, Depositary, Holders, Owners and Beneficial Owners of 144A GDR, both dated April 18, 2005 ("Deposit Agreements") by not appointing replacement depositary in view of very low volume in trading of GDRs on the PSM of the LSE, consequently, automatic termination of GDR program and automatic cancellation of admission of GDRs to official list of UKLA and cancellation of trading and listing of GDRs on the PSM of LSE 
The Depositary to the GDRs, which are traded on PSM of LSE, has resigned. As per the Deposit Agreements executed among Depositary, Issuer and the holders of GDR, in the event Issuer opts not to appoint a replacement depositary in the place of resigning Depositary, then the Depositary shall terminate the Deposit Agreements and the GDR program. The Board of Directors of the Issuer at its meeting held on November 07, 2015, decided not to appoint a replacement depositary in the place of resigning depositary in view of extremely low trading volume of GDRs on the PSM of the LSE and insignificant number of GDRs admitted for listing on the official list of UKLA in relation to the total market capitalisation of the Company. Presently, there are 5,400 (Five Thousand Four Hundred) number of GDRs outstanding, aggregating to 21,600 (Twenty One Thousand Six Hundred) number of equity shares of the Issuer representing 0.004% of the paid up share capital of the Issuer.
Srei Infrastructure Finance Limited announces the cancellation of admission to official list of UKLA and cancellation of trading and listing of Regulation S GDRs and Rule 144A GDRs, each representing 4 (Four) equity shares in the equity share capital of the Issuer of Indian Rupees 10/- (Ten only) each in nominal value. The GDRs are currently trading on the PSM of the LSE as per the details given hereunder:
Type of GDR
ISIN Number
Symbol
Regulation S GDRs
US78465V2043
SRI
Rule 144A GDRs
US78465V1052
SRIA
As previously announced, listing of Regulation S GDRs and Rule 144A GDRs on the PSM of the LSE will be cancelled with effect from May 16, 2016 ("Delisting Effective Date"). On and from the Delisting Effective Date, Regulation S GDRs and Rule 144A GDRs will not be tradable on the PSM of LSE.
About Srei Infrastructure Finance Limited
Srei Infrastructure Finance Limited is one of India's largest private sector integrated infrastructure institutions, constantly and consistently delivering innovative solutions in the infrastructure sector. The company has been playing a significant role in nation-building for more than two-and-a-half decades, both in urban and rural India. Srei's businesses include Infrastructure Project Finance, Advisory and Development, Infrastructure Equipment Finance, Alternative Investment Funds, Capital Markets and Insurance Broking. Srei headquartered in Kolkata has a network of 86 branches and has also replicated its business model overseas. Srei enjoys a sizeable international presence with branches in Germany, Nigeria, Mauritius, Russia and Singapore, among others.
For enquires please contact:
Sandeep Lakhotia
Group Head & Company Secretary
Srei Infrastructure Finance Limited
CIN: L29219WB1985PLC055352
Vishwakarma, Kolkata, India
Tel. (D):+91 33 66023417
Mobile:+91 9836700220
Email: sandeeplakhotia@srei.com
 
Ritu P Bhojak
VP & Deputy Company Secretary
Srei Infrastructure Finance Limited
CIN: L29219WB1985PLC055352
Vishwakarma, Kolkata, India
Tel. (D):+91 33 66023503
Mobile:+91 9903993747
Email: ritu.bhojak@srei.com
Thanking you.
Yours faithfully,
For Srei Infrastructure Finance Limited
sd/-
Sandeep Lakhotia
Company Secretary
FCS 7671

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