| Opening of Offer to Buy – Acquisition Window (Buyback) for GeeCee Ventures 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 and no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016. The Exchange vide its notice no. 20170210-16 dated Feb 10, 2017, and 20190207-23 dated 07 Feb 2019 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 GeeCee Ventures Limited (the “Company”), has announced cash offer to buyback up to 8,14,815 ((Eight Lakhs Fourteen Thousand Eight Hundred and Fifteen Only) fully paid-up equity shares of face value of Rs. 10/- each (the "Equity Shares"), representing 3.75% of the total number of equity shares in the issued, subscribed and paid up equity share capital of the Company as at March 31, 2019 from all the Equity Shareholders as on the Record Date, i.e. June 7, 2019 on a proportionate basis, through the "Tender Offer" route using stock exchange mechanism, at a price of Rs. 135 (Rupees One Hundred and Thirty-Five only) per Equity Share for an aggregate maximum consideration not exceeding Rs. 1,100 lakhs (Rupees One Thousand and One Hundred Lakh Only) (the "Buyback Offer Size"), from June 26, 2019 to July 09, 2019.
Market participants are further requested to note that this offer will be as per the Revised Guidelines of SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017 and the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
Date: June 24,2019
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