BSE Notice: Choice International - Post offer Status
Friday, Sep 5
.
MUMBAI - Below is the full text of a Bombay Stock Exchange notice:
(This is a direct feed from the BSE. NewsWire18 makes no changes
in the text.)
.
Fedex Securities Ltd ("Manager to the Offer") on behalf of Shri.
Sunil Kumar
Patodia & Smt. Vinita Patodia ("Acquirers"), and Sunil Chothmal
Patodia (HUF)
("PAC") has issued this Post Offer Public Announcement to the Equity
Shareholders/Beneficial owners of Choice International Ltd ("Target
Company"), which is in continuation of & should be read in conjunction
with
the Public Announcement ("PA") made on May 24, 2008, Corrigendum to PA
on
July 29, 2008 in compliance with SEBI (Substantial Acquisition of
Shares and
Takeovers) Regulations, 1997 and subsequent amendments thereto Details
of
Acquisition: Sr. No. Details of Acquisition Proposed in Letter of
Offer
Actuals 1. Offer Price Fully paid up Partly paid up Rs. 13. 75 No
partly paid
shares Rs. 13. 75 NA 2. Shareholding of Acquirers prior to Public
Announcement 0 (0%) 0 (0%) 3. Shares acquired after PA 0 (0%) 0 (0%)
4.
Shares being acquired through Share Purchase Agreement 12, 00, 000
(29. 96%)
12, 00, 000 (29. 96%) 5. Shares acquired in the Open Offer 8, 00, 960
(20.
00%) 1, 28, 927 (3. 22%) 6. Size of open offer ( No of Shares X Offer
price)
Rs 1, 10, 13, 200/- Rs 17, 72, 748/- 7. Shares if any acquired after
PA but 7
working days prior to closure of offer Price of the Shares acquired
No. of
Shares acquired % of Shares acquired Nil NA NA NA 8. Post Offer
Shareholding
of Acquirers including PACs if any, Fully Paid 20, 00, 960 (49. 96%)
13, 28,
927 (33. 18%) 9 Pre and Post Offer Shareholding of Public Pre Offer
Post
Offer @ Pre Offer Post Offer @ Fully paid Shares 24, 72, 940 (61. 75%)
20,
03, 840 (50. 04%) 24, 72, 940 (61. 75%) 26, 75, 873 (66. 82%) 10 Date
of
despatch of consideration and delay if any September 01, 2008 No
delay. No
interest is due and payable 11 Position of Escrow Account The amount
held in
Escrow Account to the extent of Rs 18. 00 lacs (less than 90%),
transferred
to Special Account on August 29, 2008. Balance alongwith accrued
interest
transferred to a new Escrow Account with lien in favor of Manager to
the
Offer 12 Status of Investor Complaints No Investor Complaints @ The
residual
holding of the present promoter is clubbed with Public holding, to
arrive at
the Post offer public holding details.
.
END
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