1. Trading Members are hereby informed that Great Eastern Shipping Company Limited (Scrip code: 500620) 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. 306/- (Rupees Three Hundred and Six only) per equity share payable in cash for an aggregate amount not exceeding Rs.100 crores (Rupees One Hundred crore only).
2. Proposed time table for buyback:
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Date of Opening of the Buyback on BOLT
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Friday, June 14, 2019
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Last Date for the Buyback
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Earlier of:
(a) December 13, 2019 [i.e., 6 months from the date of 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, 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
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Clearing No
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Kotak Securities Limited
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673
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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. : 500620
Market Lot : 1 Share
Scrip ID on BOLT System : GESHIP*
5. Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, 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:
Kotak Mahindra Capital Company Limited
27BKC, “G” Block,
Bandra-Kurla Complex,
Bandra (East), Mumbai - 400051
Tel: 91- (022)- 43360128
Fax: 91- (022)- 67132447
Email: geship.buyback@kotak.com
Website: www.investmentbank.kotak.com
Contact Person: Ganesh Rane
Mr. Jayesh Trivedi
Company Secretary,
Great Eastern Shipping Company Limited
Ocean House, 134/A, Dr. Annie Besant Road,
Worli, Mumbai - 400018
Tel.: +91 22 66613000
Fax: +91 22 24925900
Email: shares@greatship.com
Website: www.greatship.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- 8436 (For Trading Related)
Help desk - Extn: 61363100 (Hunting) (For BOLT System)
Listing Operations Department –
Ms. Vaidehi Ketkar -Extn: 022-2272-8646 (For General Queries)
Rupal Khandelwal
Manager
Thursday, June 13, 2019
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