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| Exchange Disseminated Time | West Coast Paper Mills Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on May 19, 2012, inter alia, to transact the following business:
1. To create, offer, issue and allot 33,00,000 Equity Shares to the persons / entities in the Promoter Group (known as S.K. Bangur Group), under a preferential issue through offer letter and/or circular and/or information memorandum and/or such other documents / writings in such a manner and on such terms and conditions as may be determined by the Board in its absolute discretion, provided that the price of the Equity Shares so issued shall not be less than Rs. 54.30 (including a premium of Rs. 52.30 per equity share of Rs. 2/-each), being the price arrived at with respect to the Relevant Date i.e., April 19, 2012 as prescribed under Regulation 76 in Chapter VII of Securities and Exchange Board of India (issue of Capital and Disclosure Requirements) Regulations, 2009.
2. To create, offer, issue and allot, warrants entitling the warrant holder(s) from time to time, but not before April 01, 2013, to apply for equity shares ("the Warrants") in one or more tranches to be subscribed by the persons / entities in the Promoter Group (Known as S.K.Bangur Group), whether or not such entities are Members of the Company, under a preferential issue through offer letter and/or circular and/or information memorandum and/or such other documents/writings, in such a manner and on such terms and conditions as may be determined by the Board in its absolute discretion, provided that the price of the Warrants so issued shall not be less than Rs. 54.30 (including a premium of Rs. 52.30) per equity share of Rs. 2/- each with respect to the Relevant Date i.e., April 19, 2012 as prescribed under Regulation 76 in Chapter VII of Securities and Exchange Board of lndia (lssue of Capital and Disclosure Requirements) Regulations, 2009 and the aggregate amount of the Warrants so issued shall not exceed Rs. 100 Million. (For more details kindly refer Corporate Announcements on www.bseindia.com).
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