It will maintain its ADR program to allow trading of ADSs in the OTC market.

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Of the 8, 000, 000 shares, 6, 400, 000 ADSs represent new shares issued by Luxfer and the remainder is being offered by existing shareholders of Luxfer.

FORBES: Luxfer Holdings Prices IPO

An overallotment option of uP to 600, 000 additional ADSs from Luxfer and up to 600, 000 additional ADS from the selling shareholders will also be available.

FORBES: Luxfer Holdings Prices IPO

Last week the company announced on April 11 that it will delist its American Depositary Shares (ADSs) from the New York Stock Exchange on or about April 22 of this month.

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In other words, had the case proceeded, there was a material probability that the only claims that would have been allowed to proceed were claims on behalf of persons who purchased Satyam ADSs (which traded on the NYSE), and not persons who bought shares which traded in India.

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