1. Trading Members are hereby informed that JK Paper Limited (Scrip code: 532162) 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.130/- (Rupees One Hundred and Thirty only) per equity share payable in cash for an aggregate amount not exceedingINR100 crores(Indian Rupees One Hundred Crores only).
2. Proposed timetable for buyback:
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Date of Opening of the Buyback on BOLT
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Friday, May 8, 2020
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Last Date for the Buyback
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Earlier of:
a. Friday, November 06, 2020 (i.e., 6 (six) months from the date of the opening of the Buyback;
or
b. when the Company completes the Buyback by deploying the amount equivalent to the Maximum Buyback Size;
or
c. at such earlier date as may be determined by the Board (including 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 Buyback),after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buyback Size (even if the maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back), however, that all payment obligations relating to the Buyback shall be completed before the last date for the Buyback.
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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 ‘s
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Clearing No
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JM Financial Services Limited
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325/1
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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:
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Scrip Code No.
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532162
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Market Lot
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1 Share
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Scrip ID on BOLT System
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JKPAPER*
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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:
JM Financial Limited
7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi, Mumbai – 400 025, Maharashtra, India
Tel.:+91 022 66303030
Fax:+91 022 66303030
Contact Person: Prachee Dhuri
Email: jkpaper.buyback@jmfl.com
At the Company:
Mr. Suresh Chander Gupta
Company Secretary & Compliance Officer
Gulab Bhawan (Rear Block - 3rd Floor),
6A, Bahadur Shah Zafar Marg, New Delhi – 110 002
Tel No.:+91- 013017 9100
Email: scgupta@jkmail.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
Thursday, 07 May 2020
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