Opening of Offer to Buy – Acquisition Window (Buyback) for Control Print Ltd
Trading Members and Custodians are requested to note that Securities Exchange Board of India (SEBI) has issued Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeover, Buy Back and De-listing vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016. The Exchange vide its notice no. 20170210-16 dated Feb 10, 2017, 20190424-35 dated April 24, 2019 and 20200528-32 dated 28 May 2020, 20201102-43 dated Nov 02, 2020 and 20210825-62 dated Aug 25,2021 has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.
All Market Participants are hereby informed that Control Print Ltd (“The Company”) has announced a Cash Offer to Buyback up to 3,37,500 (Three Lakhs Thirty Seven Thousand Five Hundred) fully paid-up equity shares of the Company of face value of Rs 10/- (Rupees Ten only) each (“Equity Shares”), representing up to 2.07% of the total number of issued, subscribed and paid up Equity Shares of the Company, from all the equity shareholders/beneficial owners of the Company who holds Equity Shares as on the record date i.e. Friday, August 18, 2023 (“Record Date”), on a proportionate basis, through the tender offer using stock exchange mechanism (“Tender Offer”), at a price of Rs 800/- (Rupees Eight Hundred Only) per Equity Share (“Buyback Price”) payable in cash for an aggregate amount of up to ? 27,00,00,000/- (Rupees Twenty Seven Crores Only) (“Buyback Size”) excluding the Transaction Cost (as defined below)(“Buyback”). from August 24, 2023 to August 30, 2023.
Letter of Offer is herewith attached for perusal.
Market participants are further requested to note that this offer will be as per the SEBI circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017, 20190424-35 dated April 24, 2019 and 20200528-32 dated 28 May 2020 and the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Mangesh Tayde
Deputy General Manger
Listing Ops & Sales
August 22,2023
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