9911796707
TMI BlogCONTENTS OF THE PUBLIC ANNOUNCEMENTX X X X Extracts X X X X X X X X Extracts X X X X ..... and complete disclosure of all material facts including the following shall be made: Part A: Disclosures under Regulation 5(1) and 8(1) i. Date of the Board meeting at which the proposal for buy back was approved by the Board of Directors of the company; ii. Necessity for the buy back; iii. Maximum amount required under the buy back and its percentage of the total paid up capital and free reserves; iv. Maximum price at which the shares or other specified securities are proposed be bought back and the basis of arriving at the buyback price; v. Maximum number of securities that the company proposes to buy back; vi. Method to be adopted for buyback as referred in sub-regulation(1) of regulation 4; vii. (a) the aggre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... egards its prospects for the year immediately following that date that, having regard to their intentions with respect to the management of the company s business during that year and to the amount and character of the financial resources which will in their view be available to the company during that year, the company will be able to meet its liabilities as and when they fall due and will not be rendered insolvent within a period of one year from that date; and (c) in forming their opinion for the above purposes, the directors shall take into account the liabilities as if the company were being wound up under the provisions of the Companies Act, 1956 (including prospective and contingent liabilities); xi. A report addressed to the B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... etails and stock market data: (a) high, Low and average market prices of the securities of the company proposed to be bought back, during the preceding three years; (b) monthly high and low prices for the six months preceding the date of the public announcement; (c) the number of securities traded on the days when the high and low prices were recorded on the relevant stock exchanges during the period stated at (a) and (b) above; (d) the stock market data referred to above shall be shown separately for periods marked by a change in capital structure, with such period commencing from the date the concerned stock exchange recognises the change in the capital structure.(e.g. when the securities have become exrights or ex-bonus) ; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ers; xvii. Such other disclosures as may be specified by the Board from time to time by way of guidelines.] ***** 1 Schedule II substituted by the SEBI (Buy-back of Securities) (Amendment) Regulations, 2012, w.e.f. 07-02- 2012. for the following: Schedule II Contents of the Public Announcement [under regulation 8(1)] The public announcement shall, inter alia, contain the following : 1. Details of the offer including the total number and percentage of the total paid-up capital and free reserves proposed to be bought back and price. 2. The proposed time table from opening of the offer till the extinguishment of the certificates. 3. The specified date. 4. Authority for the offer of buy-back. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es were recorded on the relevant stock exchanges during the period stated at (a) and (b) above; (d) the stock market data referred to above shall be shown separately for periods marked by a change in apital structure, with such period commencing from the date the concerned stock exchange recognises the change in the capital structure (e.g., when the securities have become ex-rights or ex-bonus); (e) the market price immediately after the date of the resolution of the Board of directors approving the buy-back; and (f) the volume of securities traded in each month during the six months preceding the date of the public announcement. Along with high, low and average prices of securities of the company, details relating to volume of bus ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
