KLG Capital - Post Offer Status
Networth Stock Broking Ltd (”Manager to the Offer”) on behalf of Awaita Properties Pvt Ltd (”Acquirer”) has issued this Post Offer Public Announcement to the shareholders of KLG Capital Services Ltd (”Target Company”), which is in continuation of & should be read in conjunction with the Public Announcement (”PA”) dated March 03, 2008, Letter of Offer Dated April 30, 2008 and Corrigendum to the PA dated May 08, 2008, pursuant to and in compliance with among others, Regulations 10 and 12 of Chapter III of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto [’SEBI Takeover Regulations’ / ‘Regulations’]
Details of Acquisition:
| Sr.No |
Particulars |
Proposed in the Letter of Offer |
Actual |
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| 1. | Offer Price (Rs.) | 37.50 | 37.50 | ||
| 2. | Shareholding of Acquirer before SPAPA- Number of Shares (%) (a) | 2,24,788 (7.02%) | 2,24,788 (7.02%) | ||
| 3. | Shares acquired by way of SPA or Market Purchases- Number of Shares (%) (b) | 17,11,287 (53.44%) | 17,11,287 (53.44%) | ||
| 4. | Shares acquired in the Open Offer - Number of Shares (%) (c) | 6,40,480 (20%) | Nil (0%) | ||
| 5. | Size of the Open Offer (No. of shares multiplied by Offer Price per share) | Rs 2,40,18,000/- | Nil | ||
| 6. | Shares acquired after PA but before 7 working days prior to offer closure date, if any - Number of shares (%) (d) | Nil | Nil | ||
| 7. | Post Offer Share Holding of Acquirer -Number of shares (%) (a+b+c+d) | 25,76,555 (80.45%) | 19,36,075 (60.45%) | ||
| 8 | Pre & Post Offer Shareholding of Public - Number of shares (%) | Pre Offer | Post Offer | Pre Offer | Post Offer |
| 12,66,325 (39.54% | 6,25,845 (19.54%) | 12,66,325 (39.54%) | 12,66,325 (39.54% | ||
| 9 | Status of Escrow Account, whether released or not |
The amount lying in the Cash Escrow Accounts is yet to be released to the Acquirer |
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| 10 | Payment of interest, if any, to the shareholders with details thereof |
Not applicable |
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| 11 | Status of investor complaints received, if any |
No investor complaints have been received in respect of the offer |
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