Termination of ADR Programme

RNS Number : 9067K

Range Resources Limited

13 July 2017

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

Termination of American Depository Receipt ("ADR") Programme

Range announces the decision to close its ADR programme effective 17:00 (Eastern Time) on August 7, 2017. Trading volumes of ADR's have been insufficient to justify the burden of maintaining the listing with no increase in liquidity being provided to the Company.

Under the terms of the Deposit Agreement, owners and holders of ADRs will have until at least August 10, 2018 to decide if they would like to attempt to surrender their Range ADRs for delivery of the underlying shares.

Subsequent to August 10, 2018, under the terms of the Deposit Agreement, the Bank of New York Mellon ("the Depositary") may attempt to sell the underlying shares. ADR holders will then receive the net cash proceeds from the sale of the shares held on deposit.

Holders of the Company's ordinary shares remain unaffected by this development. Following completion of the reverse takeover process, the ordinary shares of Range will continue to trade on the AIM and on the ASX.

Further information for ADR holders can be found on the Bank of New York Mellon website at https://www.adrbnymellon.com/directory/dr-directory.

Contact Details
Range Resources Limited Evgenia Bezruchko (Group Corporate Development Manager) e. [e-mail] t.   [phone]	Cantor Fitzgerald Europe (Nominated Advisor and Broker) David Porter / Sarah Wharry (Corporate Finance) David Banks (Corporate Broking) t.   [phone]

 

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