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| Exchange Disseminated Time | Kotak Mahindra Capital Company Ltd ("Manager to the Open Offer") on behalf of Styrolution South East Asia Pte Ltd. (“Acquirer”) along with INEOS Styrolution Holding GmbH (“PAC 1”) and Styrolution Group GmbH (“PAC2) (PAC 1 and PAC 2 are collectively referred to as “PACs”) has informed about this advertisement for the shareholders of Styrolution ABS (India) Limited (the “Target Company”), pursuant to and in accordance with regulation 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations”) in respect of the open offer (“Offer”) for the acquisition of 4,396,407 fully paid up equity shares of Rs. 10/- each (“Share(s)”) of Target Company. The Detailed Public Statement (“DPS”) with respect to the Offer was made on November 17, 2014.
The offer price is Rs. 518.99 (Rupees Five Hundred Eighteen and Paise Ninety Nine only) per Share (“Offer Price”), which includes Rs. 19.17 (Rupees Nineteen and Paise Seventeen only) as enhanced amount in accordance with the terms of regulation 8(12) of the SEBI (SAST) Regulations per Share. There has been no revision in the Offer Price. |
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