Chartered Capital & Investment Ltd ("Manager to the Offer") on behalf of Mr Yogesh M Kothari ("Acquirer") & Mr Suneet Y Kothari, Ms Nini Y Kothari, M/s YMK Trading & Consultancy Pvt Ltd, M/s SYK Trading & Consultancy Pvt Ltd, M/s Anjyko Investment Pvt Ltd, M/s Niyoko Trading & Consultancy Pvt Ltd ("Persons Acting in Concert") has issued this Post Offer Public Announcement to the shareholders of Alkyl Amines Chemicals Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated April 21, 2008 & Corrigendum to the PA dated June 12, 2008 under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations"), to acquire upto 20,39,640 equity shares of Rs 10/- each representing 20% of total post conversion paid up/ voting share capital of the Target Company at a consolidated price of Rs 100.33/- (Rupees One Hundred and paise Thirty Three only) per fully paid up equity share of Rs 10/- each ("Equity Shares") comprising of the offer price of Rs 100 (Rupees One Hundred only) per equity share & the interest of Rs 0.33 (Paise Thirty Three only) calculated @ 10% p.a. for the delay of 12 days in releasing the PA, payable in Cash ("Offer") is as under:
Details of Acquisition:
| Sr. No. | Particulars | Proposed in the offer document | Actual | | 1. | Price payable to shareholders in the open offer | Rs. 100.33 per Equity Share | Rs. 100.33 per Equity Share | | 2. | Shareholding of acquirer including PAC before the Conversion of Preference Shares into Equity Shares /PA | 47,38,060
(53.45%) | 47,38,060
(53.45%) | | 3. | Shares acquired by conversion of preference shares into equity shares | 13,33,333
(13.07%) | 13,33,333
(13.07%) | | 4. | Shares acquired in the Open Offer | 20,39,640
(20.00%) | 11,29,276
(11.07%) | | 5. | Size of the Open Offer (No. of shares multiplied by price payable per share) | Rs 20,46,37,082 | Rs 11,33,00,323
(After rounding off) | | 6. | Shares acquired after PA but before 7 working days prior to closure date, if any | 1,18,104*
(1.16%) | 1,18,104*
(1.16%) | | 7. | Post offer Shareholding of Acquirers (2+3+4+6) | 82,29,137
(80.69%) | 73,18,773
(71.77%) | | 8. | Pre & Post Offer shareholding of Public No of shares & (%) | Pre Offer | Post Offer | Pre Offer | Post Offer | | 38,50,922 (37.76%) | 18,11,282 (17.76%) | 38,50,922 (37.76%) | 27,21,646 (26.69%) | * 1,18,104 Equity Shares received by Mr Yogesh M Kothari on April 25, 2008 i.e. after the date of Public Announcement, which was transmitted to him by way of inheritance from his parents under Will. These shares were transferred to Mr Yogesh M Kothari by the Executors of the Will.
All percentage shareholding has been calculated on the basis of post conversion paid up equity share capital of the Company, except the shareholding before the conversion of preference shares. |