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| Exchange Disseminated Time | Lazard India Pvt Ltd ("Manager to the offer") has submitted to BSE a Copy of Third Corrigendum to Public Announcement dated April 01, 2011 to the equity shareholders of Andhra Pradesh Paper Mills Ltd ("Target Company").
Lazard India Pvt Ltd ("Manager to the Offer"), on behalf of IP Holding Asia Singapore Pte. Ltd. ("Acquirer") along with International Paper Company ("Person Acting in Concert" or "PAC") has informed this announcement ("Third Corrigendum to the Public Announcement") to the equity shareholders of The Andhra Pradesh Paper Mills Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Public Announcement ("PA") dated April 01, 2011 & the Corrigendum to the Public Announcement dated May 23,2011 and the Second Corrigendum to the Public Announcement dated August 10,2011, Pursuant to and in compliance with Regulation 10 and Regulation 12 and other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations" or "Regulations").
The shareholders of the Target Company may please note the following:
1. Pursuant to an appeal made by the Acquirer, Honourable Securities Appellate Tribunal has, vide its interim order dated August 11,2011, permitted the Acquirer to proceed with the Offer at the Offer Price of INR 544.20 per share provided that the differential amount arising out of the non-compete fees i.e. the difference of INR 130.73 per share be deposited in an escrow account.
2. The original and revised schedule of major activities in relation to the Offer.
3. The terms used but not defined in this Third Corrigendum to the Public Announcement shall have the same meaning as assigned in the Public Announcement, Corrigendum to the Public Announcement and Second Corrigendum to the Public Announcement.
(For more details kindly refer Corporate Announcements on www.bseindia.com). |
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