|Opening of Offer to Buy – Acquisition Window (Buyback) for R Systems International 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 R Systems International Limited (the “Company”), has announced Cash Offer to Buyback up to 3,690,000 (Thirty Six Lakhs Ninety Thousand) fully paid-up equity shares of face value of Re. 1/- each (“Equity Shares”) (“Buyback”), representing 2.98% of the total paid up equity share capital of the Company, from all the equity shareholders / beneficial owners of the fully paid equity shares of the Company as on the Record Date, i.e., February 01, 2019 (“Record Date”), on a proportionate basis, through the “Tender Offer” route at a price of Rs. 65/- (Rupees Sixty Five Only) per equity share (the “Buyback Price”) for an aggregate amount of up to Rs. 239, 850,000 (Rupees Twenty Three Crores Ninety Eight Lakhs Fifty Thousand Only) (the “Buyback Size”) from March 15, 2019 to March 29, 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.
Additional General Manager
Listing Sales & Ops
March 12, 2019