Completion of Delisting of Indian Depository Receipts

London – Standard Chartered PLC (the Group) announced on 9 March 2020 that it intended to terminate its Indian Depository Receipt (IDR) programme. The Group has now completed the termination of the IDR programme, and accordingly the IDRs have been delisted from BSE Limited and the National Stock Exchange of India Limited, in India.

As at 19 June 2020, there were around 7.5 million IDRs outstanding from the original 240 million IDRs that were issued in 2010. The approximately 750,000 underlying Group ordinary shares that these IDRs represented were sold on the London Stock Exchange on 22 June 2020 and the net sale proceeds distributed to the relevant IDR holders.

Enquiries to:

Mark Stride, Head of Investor Relations                 +44 (0) 20 7885 8596

Julie Gibson, Head of Media Relations                   +44 (0) 20 7885 2434

 

Standard Chartered

We are a leading international banking group, with a presence in 60 of the world’s most dynamic markets, and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.

For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on Twitter, LinkedIn, Instagram and Facebook.