Standard Chartered PLC has informed that 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 September 30, 2019) and request the sale of the Shares underlying such IDRs on the London Stock Exchange (the LSE) in the United Kingdom (the Surrender & Sale Process). In this regard, valid Instruction Letters were received from IDR Holders in the week of September 2 to September 6, 2019 for surrender of 32000 IDRs requesting sale of Shares underlying such IDRs. Accordingly, 3200 Shares underlying the IDRs were sold on the LSE under the Surrender & Sale Process on September11, 2019 and 32000 IDRs will be cancelled as part of the Surrender & Sale Process. The number of outstanding IDRs as on September 12, 2019 (excluding the IDRs for which valid applications have being received as above) are 8,865,900 IDRs.
The above information is a part of company's filings submitted to BSE.
