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| Exchange Disseminated Time | With reference to earlier announcement letter dated May 20, 2014 informing that the Board Meeting of the Company is scheduled on May 29, 2014, to consider and approve Audited Financial Statements / Results and recommendation of Dividend for the year ended March 31, 2014, Aegis Logistics Ltd has now informed BSE that the Board of Directors of the Company shall also consider and approve inter-alia the following Agenda in the same meeting to be held on May 29, 2014:
1. Proposal for making a delisting offer to the public shareholders of Sealord Containers Limited (‘SCL’), subsidiary of the Company by acquiring upto 3,12,500 Shares constituting 25% of the paid-up equity share capital of SCL in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, as amended and consequently to seek voluntary delisting of equity shares of Sealord Containers Limited from the Ahmedabad Stock Exchange Limited.
2. To determine the floor price after considering the Valuation Report of the equity shares of Sealord Containers Limited in consultation with the Merchant Bankers.
Further, the Company confirms as per the Company's Code of conduct for Prevention of Insider Trading and corporate disclosure practices adopted pursuant to Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992, the trading window for dealing in the securities of the Company is already closed for the Company's Directors/Officers and designated employees of the Company from May 30, 2014 till close of business hours on May 30, 2014. |
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