| Opening of Offer to Buy – Acquisition Window (Takeover) for UV Boards Limited |
Trading Members and Custodians are requested to note that Securities Exchange Board of India (SEBI) has issued Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015. The Exchange vide its notice no. 20150930-1 dated September 30, 2015, has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.
All Market Participants are hereby informed that Uniply Industries Limited, Company incorporated under the Companies Act, 1956 hereinafter referred to as “Acquirer” have made an open offer to acquire upto 39,63,141 (Thirty Nine Lakhs Sixty Three Thousand One Hundred Forty One) equity shares of face value of Rs. 2/- each representing 26% (Twenty six percent) of the Emerging equity/Voting share capital of UV Boards Limited (the “Target Company”), at a price of Rs. 13.50/- (Rupees Thirteen and Paise Fifty Only) per fully paid up equity share (“Offer Price”) in cash from the Public Shareholders of the Target Company in accordance with The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereof from the public shareholders of the Company from December 16, 2016 to December 29, 2016.
Market participants are further requested to note that the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Dy. General Manager
Listing Ops & Sales
December 12, 2016 |