Home Acts & Rules SEBI Regulation Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021. Chapters List Schedules Sch SCHEDULE This
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Schedule I - Contents of the detailed public announcement - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.Extract SCHEDULE I See regulation 15(2) CONTENTS OF THE DETAILED PUBLIC ANNOUNCEMENT 1. The floor price and the offer price and how they were arrived at. 2. The indicative price, if any, given by the acquirer. 3. The dates of opening and closing of the bidding period. 4. The name of the stock exchange from which the equity shares are sought to be delisted. 5. The manner in which the delisting offer can be accepted by the shareholders. 6. Disclosure regarding the minimum acceptance condition for success of the offer. 7. The name(s) of the Manager to the offer and other intermediaries together with the helpline number for the shareholders. 8. The specified date fixed as per sub-regulation (3) of regulation 15 of these regulations. 9. The object of the proposed delisting. 10. The proposed time table from opening of the delisting offer till the payment of consideration or return of equity shares. 11. Details of the escrow account and the amount deposited therein. 12. Listing details and stock market data including: (a) high, low and average market prices of the equity shares of the company during the preceding three years; (b) monthly high and low prices for the six months preceding the date of the detailed public announcement; and, (c) the volume of equity shares traded in each month during the six months preceding the date of detailed public announcement. 13. Present capital structure and shareholding pattern of the company. 14. The expected post-delisting shareholding pattern of the company. 15. The aggregate shareholding of the acquirer with persons acting in concert and of the directors of the acquirer where the acquirer is a company and of persons who are in control of the company. 16. A statement, certified to be true by the Board of Directors of the company, disclosing material deviation, if any, in utilisation of proceeds of issues of securities made during the five years immediately preceding the date of detailed public announcement, from the stated objects of the issues. 17. A statement by the Board of Directors of the company confirming that all material information which is required to be disclosed under the provisions of continuous listing requirement have been disclosed to the stock exchanges. 18. List of documents copies of which shall be available for inspection by the public shareholders at the registered office of the Manager to the offer during the working days. 19. A statement by the Board of Directors of the company certifying that:- (a) the company is in compliance with the applicable provisions of securities laws; (b) the acquirer or its related entities have not carried out any transaction during the aforesaid period to facilitate the success of the delisting offer which is not in compliance with the provisions of sub-regulation (5) of regulation 4 of these regulations; (c) the delisting, in their opinion, is in the interest of the shareholders. 20. Name of compliance officer of the company.
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