Depa Cancels GDR Listing On LSE
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Depa says volume of GDRs traded on the LSE is negligible and does justify related expenses of the listing
Dubai: Depa Limited said it has cancelled the standard listings on the Official List maintained by the UK Listing Authority as well as its global depository receipts (GDRs), resulting in its listing on the London Stock Exchange (LSE) being cancelled.
The cancellation of the listings and global depository receipts (GDRs) became effective on February 26 from 8am, the company said in a statement.
Depa delisted its GDRs because the volume of global depositary receipts traded on the LSE was negligible and did not, in Depa’s view, justify the related expenses of the listing, it added.
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