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| Exchange Disseminated Time | Jagran Prakashan Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 30, 2013, inter alia, has transacted the following businesses:
1. Board has approved the buyback of up to maximum of 50 lakhs fully paid-up equity shares of the Company (“Equity Shares”) through the ‘tender offer’ process on a proportionate basis from the existing shareholders/ beneficial owners of other than promoters, promoter group, directors of the promoter or promoter group (where the promoter or promoter group entity is a company) or persons in control, at a price of Rs. 95 per share for an aggregate amount of Rs. 4750 lakhs, subject to regulatory compliances and approvals (“Buy- Back”).
2. The Board has declared interim dividend for the financial year 2013-2014 of Re. 1 per Equity Share (of Rs. 2/- each), i.e. at the rate of 50% on the paid up Equity Share capital of the Company for the financial year 2013-2014, which shall be paid through electronic clearing system (ECS) or vide dividend warrant, as the case may be (“Interim Dividend”). |
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