1. Trading Members are hereby informed that Supreme Petrochem Limited (Scrip code: 500405) has announced buyback of its fully paid-up equity shares of face value of Rs. 10/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 185/- (Rupees One Hundred & Eighty-Five Only) per equity share payable in cash for an aggregate amount not exceeding Rs. 6,267 lakhs (Rupees Six Thousand Two Hundred Sixty Seven Lakhs only).
2. Proposed timetable for buyback:
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Date of Opening of the Buyback on BOLT
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Thursday, March 19,2020
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Last Date for the Buyback
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Earlier of:
a) Friday, September 18, 2020 (i.e. within 6 months from the date of the opening of the Buy Back;
b)when the Company completes the Buy Back by deploying the amount equivalent to the Maximum Buy Back Offer Size or completes the Buy Back by acquiring Maximum Buy Back Shares; or
c) at such earlier date as may be determined by the Board (including a committee thereof, constituted by the Board or persons nominated by the Board/committee to exercise its powers, and/or the powers conferred by the Board resolution in relation to the Buy Back), after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buy Back Offer Size (even if the Maximum Buy Back Offer Size has not been reached or the Maximum Buy Back Shares have not been bought back), however, that all payment obligations relating to the Buy Back shall be completed before the last date for the Buy Back.
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3. Broker Members for buyback:
The company has appointed the following BSE Trading Members through whom the purchases and settlement on account of the buyback would be made:
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Name of the Member
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Clearing No
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Axis Capital Limited
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6105
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4. Details of Shares held in DEMAT Form.
The Trading Members may note that the Equity Shares held in DEMAT form can be offered for Buyback to the Company in rolling settlement, as per details mentioned below:
Scrip Code No. : 500405
Market Lot : 1 Share
Scrip ID on BOLT System : SUPPETRO*
5. Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Bad Delivery, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.
6. Institutional Investors are allowed to participate in the buyback.
7. The documents are available in Department of Corporate Services for inspection. In case of any queries /clarifications on the scheme of buyback, Trading Members may please contact the under mentioned persons:
· Merchant Banker to the Buyback:
AXIS CAPITAL LIMITED
1st Floor, Axis House, C-2 Wadia International Centre,
P. B. Marg, Worli, Mumbai - 400 025, Maharashtra, India
Tel.: +91 22 4325 2183;
Fax: +91 22 4325 3000
Contact Person: Mr. Ankit Bhatia
Email: supremepetrochem.buyback@axiscap.in
Website: www.axiscapital.co.in
· At the Company:
Mr. D N Mishra
Company Secretary and Compliance Officer,
Solitaire Corporate Park, Building No. 11,
5th Floor, Guru Hargovindji Marg,
Chakala, Andheri East, Mumbai - 400 093
Telephone: 91 22 67091900;
Fax: 91 22 40055681
Email: dn_mishra@spl.co.in
Website: www.supremepetrochem.com
· At the Exchange:
Clearing & Settlement Department -
Mr. Nilesh Shah/Ajay Darji - Extn: 022-2272-8704/8468 (For Clearing & Settlement)
Trading Department -
Trading Operations - Extn: 022-2272- 8376 (For Trading Related)
Help desk - Extn: 61363100 (Hunting) (For BOLT System)
Listing Operations Department –
Mr. Raghavendra Bhat - Extn: 022-2272-8915 (For General Queries)
Rupal Khandelwal
Senior Manager
March 18, 2020 |