Shree Pacetronix - Post Offer Status
Karvy Investor Services Ltd (”Manager to the Offer”) on behalf of Dr. Mathew Samuel Kalarickal (”Acquirer”) along with Mr. Darshanjit Singh (”Person Acting in Concert or PAC”) has issued this Post Offer Public Announcement (”PA”) to the shareholders of Shree Pacetronix Ltd (”Target Company”), which is in continuation of and should be read in conjunction with the Public Announcement (”PA”) dated December 03, 2007 & Corrigendum to the PA on March 19, 2008, pursuant to provisions of Regulation 10 & 12 & in compliance with Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 (”Regulations”) and subsequent amendments thereto.
Details of acquisition
| SL. No. |
Item |
Proposed in the Offer Document | Actual | ||
| 1. | Offer Price | Rs. 49/- per share | Rs. 49/- per share | ||
| 2. | Share holding of Acquirer & PAC (No. & %) before MOU / PA | 6,55,558 (18.21%) |
6,55,558 (18.21%) |
||
| 3. | Shares acquired by way of MOU (No. & %) | Nil | Nil | ||
| 4. | Shares acquired in the Open Offer (No. & %) | 7,19,880 (20.00%) | 60,219 (1.67%) | ||
| 5. | Size of the Open Offer (No. of shares multiplied by Offer price per share) | 7,19,880* Rs 49/- per share aggregating Rs 3,52,74,120 (Rupees Three Crores Fifty Two Lacs Seventy Four Thousand One Hundred Twenty only) | 60,219* Rs 49/- per share aggregating Rs 29,50,731 (Rupees Twenty Nine Lacs Fifty Thousand Seven Hundred Thirty One only) | ||
| 6. | Shares acquired after PA but before 7 working days prior to closure date, if any (No. & %) 6.1Price of the shares acquired 6.2 No of shares acquired 6.3 % of shares acquired |
Nil | Nil | ||
| 7. | Post offer Shareholding of Acquirer & PAC (No. & %) (2+3+4+6) | 13,75,438 (38.21%) | 7,15,777 (19.89%) | ||
| 8. | Pre & Post Offer shareholding of Public (No. & %)* | Pre Offer | Post Offer | Pre Offer | Post Offer |
| 29,15,744 (81.01%) | 29,15,744 (81.01%) | 29,15,744 (81.01%) | 29,15,744 (81.01%) | ||
* The Acquirer and PAC are forming part of Public / Non Promoter Group in terms of definition of Public Shareholding as defined under Regulation 2(K) of SEBI (SAST) Regulations. Hence, holding of Acquirer and PAC is included in the Public Shareholding
Tags: Shree Pacetronix