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| Exchange Disseminated Time | BSE has informed the members of the exchange that IVP Limited has announced buyback of its fully paid-up equity shares of face value of Rs.10/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs.22/- (Rupees Twenty-Two Only) per equity share payable in cash for an aggregate amount not exceeding Rs. 22.718 million.
Proposed time table for buyback:
Date of Opening of the Buyback on BOLT April 02, 2002
Last date for the Buyback September 20, 2002 or when the company has completed buyback to the extent of 10% of the paid-up equity capital under the offer or such earlier date as may be determined by the board.
Details of Buyback orders on BOLT.
The members may note that the Physical Equity Shares can be offered for Buyback to the company in the list of Non-Specified Securities under scrip code as mentioned below:
Code No. : 532458
Market Lot : 1 Share
Scrip ID on BOLT System : IVPPHBB
Abbreviated Name on BOLT System : IVP LIMITED*
The broker member buying the shares in physical mode under buyback will accept equity shares certificates of any denomination in buyback in respect of physical shares, since the market lot of the physical scrip shown on the BOLT is "one".
Buyer Members can alter the price as well as quantity, as it is applicable in the normal trading.
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