Standard Chartered Plc - Update In Relation To The IDR Surrender & Sale Process Of Standard Chartered PLC (The Company)

| Updated on August 06, 2019 Published on August 06, 2019

The Company has provided the holders of the IDRs of the Company (the IDR Holders) with the opportunity to surrender IDRs held by them (between June 17, 2019 to August 30, 2019) and request the sale of the Shares underlying such IDRs on the London Stock Exchange (the Surrender & Sale Process).

In this regard, we would like to bring to your notice that valid Instruction Letters were received from IDR Holders in the week of July 15, 2019 to July 19, 2019 for surrender of 8650 IDRs and requesting sale of Shares underlying such IDRs. Accordingly, 865 Shares underlying the IDRs were sold on the LSE under the Surrender & Sale Process in the week of July 22, 2019 to July 26, 2019 and 8650 IDRs will be cancelled as part of the Surrender & Sale Process by August 9, 2019.

The number of outstanding IDRs as on August 06, 2019 (excluding the IDRs for which valid applications have being received as above) are 9,682,720 IDRs..

We request you to kindly take note of the above.

Pdf Link: Standard Chartered Plc - Update In Relation To The IDR Surrender & Sale Process Of Standard Chartered PLC (The Company)

Source : BSE - www.bseindia.com

Published on August 06, 2019

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.