Subex ltd
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1 Event - Thu, 30th Jun 2022
Subex Limited Proposes Termination of GDRs & De-Listing
Subex Limited announced that it has on June 30, 2022 applied to the London Stock Exchange (the LSE) for the cancellation of the admission to trading of its Global Depositary Receipts (the GDRs), each representing one ordinary share of the Company (each, a Share). The Company has also on June 30, 2022 applied to the Financial Conduct Authority (the FCA) for cancellation of the listing of the GDRs from the official list of the FCA. The Company has also on June 28, 2022 issued a notice to the Bank of New York Mellon (the Depositary) to terminate the Amended and Restated Deposit Agreement dated March 8, 2007 entered into between the Company and the Depositary (the Deposit Agreement).
The notice period for termination of the Deposit Agreement is 90 days and the Deposit Agreement is due to be terminated on or about September 26, 2022. The Shares are listed on the Bombay Stock Exchange (BSE) and on the National Stock Exchange of India (NSE) and will continue to be listed on the BSE and the NSE following the termination of the Deposit Agreement and the GDR programme. The Company is proceeding with the delisting of its GDRs from the LSE further to the resolution of the Board of Directors of the Company on May 30, 2022 approving the termination of the GDR program due to the low volume of trading of the GDRs and the underlying outstanding equity shares not constituting more than 0.04% of the Company's issued and paid up equity shares as of March 31, 2022 (the Board Resolution). It is expected that the delisting will become effective on or about September 26, 2022.
17/05/2023
Subex Q4 Result | Subex Latest News | Subex Share News | Subex Breaking News | आज शेयर 14% गिरा Subex Latest NewsSubex Share Updateshare market, future share, long term share, latest stock market news, stock to watch, hindi stock advice, latest stock ma...
Subex tumbled 13.81% to Rs 28.20 after the company reported consolidated net loss of Rs 47.18 crore in Q4 FY23 as compared with net profit of Rs 0.61 crore in Q4 FY22.23 hours ago