|
| Exchange Disseminated Time | Kotak Mahindra Capital Company Ltd ("Manager to the Open Offer") for and on behalf of Onmobile Systems Inc. ("Acquirer") has informed this Detailed Public Statement ("DPS") to the public shareholders of OnMobile Global Limited (“Target Company”), pursuant to and in compliance with, among others, Regulation 6, read along with Regulation 13(4), 14, and 15(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto ("SEBI (SAST) Regulations") pursuant to the Public Announcement filed on February 11, 2014 ('PA") with the BSE Limited ('BSE"), the National Stock Exchange of India Limited ('NSE"), and on February 12, 2014 with the Securities and Exchange Board of India ('SEBI") and the Target Company at its registered office in terms of Regulation 6 of the SEBI (SAST) Regulations.
The Offer:
The Acquirer hereby makes this Open Offer to the public shareholders of the Target Company to acquire 11,900,000 (Eleven Million Nine Hundred Thousand) Shares of the Target Company ('Offer Size") representing 10.03% of the Fully Diluted Voting Share Capital at a price of Rs. 40/- per Share ('Offer Price') payable in cash, subject to the terms and conditions mentioned in this DPS and the letter of offer (’Letter of Offer") that will be sent to the public shareholders of the Target Company in accordance with the SEBI (SAST) Regulations. There are no persons acting in concert with the Acquirer for the purposes of this Open Offer. The Offer size constitutes 10.03% of the Fully Diluted Voting Share Capital of the Target Company.
Tentative Schedule of Activity:
Identified Date - March 19, 2014
Date of Commencement of Tendering Period - April 03, 2014
Date of Closure of the Tendering Period - April 21, 2014 |
|
|