Thursday 19 August 2010

Investcorp to Delist GDRs on London Stock Exchange, Offering $4.76 a Share - Bloomberg

Investcorp Bank BSC, the Bahrain- based alternative investment firm, will make an offer to buy back as much as 7.92 million global depositary receipts at $4.76 each.

The GDRs are listed on the London Stock Exchange and the company has sought regulator’s permission to delist the securities from Oct. 4, Investcorp said in a statement to Bahrain bourse today. After the cancellation of the listing of the GDRs, Investcorp’s shares will continue be traded on the Bahrain Stock Exchange, it said.

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