REG - Macquarie Korea I F - Cancellation of listing and trading of GDR <Origin Href="QuoteRef">088980.KS</Origin>

Macquarie Korea Infrastructure FundAnnouncement

23/02/2016 10:50

RNS Number : 8731P
Macquarie Korea Infrastructure Fund
23 February 2016
23 February 2016
MACQUARIE KOREA INFRASTRUCTURE FUND
CANCELLATION of listing and trading
of Global depositary RECEIPTs from the london stock exchange 
Macquarie Korea Infrastructure Fund ("MKIF") has applied for the cancellation ofitsGlobal Depositary Receipts representing MKIF's ordinary shares (ISIN: US5560822042) (the "GDRs") from admission to the Official List (the "Official List") of the UK Listing Authority and from trading on the Professional Securities Market (the "PSM") of the London Stock Exchange (the "LSE")(the "Delisting").1
The GDRs were initially issued at the time of its initial public offering (the "IPO") in March 2006 primarily as a mechanism for international investors to subscribe to the IPO. Today, most of the GDRshave been converted to MKIF's ordinary shares on the Korea Exchangewhere there is a significantly higher trading.2
Having considered the costs and benefits associated with maintaining the listing of the GDRs on the Official List and admission to trading on the PSM, MKIF has decided to submit a request to cancel the listing and trading of its GDRs.MKIF foresees no adverse effects on its share price or trading of the ordinary shares as a result of the Delisting. The ordinary shares of MKIF will continue to be listed and trade on the Korea Exchange.
The Delisting is expected to be effective on 24 March 2016, subject to LSE approval. A further announcement confirming the Delisting will be made accordingly. The depositary bank of the GDRs will separately contact and remain in communication with the holders of the GDRs to provide further information about the Delisting process. 
For further information, please contact:
Jason Pak
Chief Operating Officer 
Macquarie Korea Asset Management
+ 82 2 3705 8550
Jason.Pak@macquarie.com
Ally An
Investor Relations 
Macquarie Korea Asset Management 
+ 82 2 3705 8565
Ally.An@macquarie.com
This release is not an offer or solicitation for sale of the securities of Macquarie Korea Infrastructure Fund('MKIF') in the United States or in any jurisdiction where any offer, sale or solicitation in respect of such securities is not permitted. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or in any jurisdiction where such offer or sale is not permitted. The securities of MKIF have not been registered under the Securities Act, and may not be offered or sold in the United States absent registration or exemption from registration under the Securities Act. There will be no public offer of the securities in the United States. 
Not for distribution in the United States or in any jurisdiction where any offer, sale or solicitation in respect of the contemplated securities is not permitted.
This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Market Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Any securities will only be available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire any securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
This release does not take into account the investment objectives, financial situation and particular needs of the investor. Before making an investment in MKIF, the investor or prospective investor should consider whether such an investment is appropriate to their particular investment needs, objectives and financial circumstances and consult an investment adviser if necessary. 
MKIF or Macquarie Korea Asset Management Co., Ltd.(MKAM) is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of this entity do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities.
Investments in MKIF are subject to investment risk, including possible delays in repayment or loss of income and/or capital investment. Neither MKIF, nor any member of the Macquarie Group companies, including MKAM, guarantees the performance of MKIF, the repayment of capital or the payment of a particular rate of return on MKIF securities. 
[1]. GDRs subject to the Delisting have been available up to 134,560,848 GDRs issued at the ratio of 1 GDR for 1 common share of MKIF 
[2]. As at 31 December 2015, total number of outstanding GDRs is 28,238 GDRs representing 0.01% of total ordinary shares of MKIF (331,459,341 shares) 

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