| Opening of Offer to Buy – Acquisition Window (Buyback) for Allcargo Logistics 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 Allcargo Logistics Limited (“Company”), has announced cash offer to Buyback up to 64,00,000 (Sixty Four Lakhs) fully paid-up equity shares of the Company of face value Rs.2/- (Rupees Two only) each (“Equity Shares”), representing up to 2.54% of the total number of outstanding Equity Shares of the Company, from all the equity shareholders/beneficial owners of the Allcargo Logistics Limited who holds Equity Shares as on the record date i.e. Friday, November 18, 2016 (“Record Date”), on a proportionate basis, through the tender offer using stock exchange mechanism (“Tender Offer”), at a price of Rs. 195/- (Rupees One Hundred Ninety Five Only) per Equity Share (“Buyback Price”) for an aggregate maximum amount of upto Rs. 1,24,80,00,000 /- (Rupees One Hundred Twenty Four Crores Eighty Lakhs Only)) (“Buyback Size”) from December 21, 2016 to January 03, 2017.
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 Sales & Ops
December 19, 2016
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