Opening of Offer to Buy – Acquisition Window (Buyback) for James Warren Tea 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 James Warren Tea Limited (the “Company”), has announced cash offer to Buyback up to 23,25,000 (Twenty-three Lakhs Twenty-Five Thousand Only) fully paid-up Equity shares of face value of Rs. 10/- each, representing 24.99 % of the total number of equity shares in the issued, subscribed and paid-up equity share capital of the Company as on December 31, 2018, from all the Shareholders of the Company as on Friday, May 17, 2019 (‘’Record Date’’), on a proportionate basis through the (“Tender Offer”) route at a buyback price of Rs.115/- (Rupees One Hundred Fifteen Only) per equity share payable in cash from June 19, 2019 to July 02, 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: May 13,2019
|