1. Trading Members are hereby informed that Action Construction Equipment Limited (Scrip code: 532762) has announced buyback of its fully paid-up equity shares of face value of Rs. 2/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 125/- (Rupees One Hundred Twenty-Five only) per equity share payable in cash for an aggregate amount not exceeding Rs. 34,25,00,000 (Rupees Thirty-Four Crore Twenty-Five Lakhs only).
2. Proposed time table for buyback:
Date of Opening of the Buyback on BOLT
|
May 23, 2019
|
Last Date for the Buyback
|
Earlier of:
(a) On November 22, 2019 (that is 6 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 or the Buyback committee, 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.
|
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:
Name of the Member
|
Clearing No
|
Ambit Capital Private Limited
|
3081
|
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. : 532762
Market Lot : 1 Share
Scrip ID on BOLT System : ACE*
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:
Ambit Capital Private Limited
Address: Ambit House, 449, Senapati Bapat Marg, Lower Parel, Mumbai-400013
Contact Person: Ankit Wadhwa/ Sameer Parkar
Phone: 022-66233100
Email: acebuyback@ambit.co / sameer.parkar@ambit.co
SEBI Registration: INM000012379
Validity Period: Permanent Registration
Name: Anil Kumar
Designation: Company Secretary
Address: Dudhola Link Road, Dudhola, Palwal, Haryana-121102
Tel: 01275280103/ 1275280111
Email id: cs@ace-cranes.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 –
Mr. Raghavendra Bhat - Extn: 022-2272-8915 (For General Queries)
Rupal Khandelwal
Manager
May 22, 2019 |