|Opening of Offer to Buy – Acquisition Window (Buyback) 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, 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 (“Company”), Cash offer to buyback upto 27,00,000 (Twenty Seven Lakhs) fully paid up equity shares of face value of Rs. 10/- each representing 22.50% of the total number of equity shares in the paid-up equity share capital of the Company from all the existing shareholders/beneficial owners of the Company as on the record date i.e. January 19, 2018 on a proportionate basis through the tender offer route at a price of Rs. 129/- (Rupees One Hundred Twenty Nine Only) per equity share for an aggregate amount of Rs. 34,83,00,000/- (Rupees Thirty Four Crores Eighty Three Lakhs Only) from February 20, 2018 to March 06, 2018.
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.
Addln. General Manager
Listing Sales & Ops
February 14, 2018