|
| Exchange Disseminated Time | HOV Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 30, 2014, has considered and approved the following:
i. Sale of Company's entire investment in SourceHOV through its US based wholly owned subsidiary HOVS LLC to Promoters, affiliate / related parties;
ii. Sale of Company's entire investment in SourceHOV through its US based wholly owned subsidiary HOVS LLC to other potential buyers;
iii. Merger of SourceHOV and BancTec; and
iv. Notice of Postal ballot for the purpose of seeking shareholders' approval for the above.
Further, it is hereby informed that the Trading Window for dealing in the securities of the Company by its Directors, Officers and Designated Persons and / or their dependents will remain closed from October 01, 2014 until declaration of results of postal ballot not earlier than 30 days from the date of dispatch of Notice to Shareholder, which will be submitted to Exchanges simultaneously on the date of dispatch. |
|
|