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| NOTICES |
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| Notice No. |
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20230915-50 |
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Notice Date |
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15 Sep 2023 |
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| Category |
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Corporate Actions |
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Segment |
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Equity |
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| Subject |
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Amalgamation of Pressman Advertising Limited (Scrip Code: 509077). |
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| Content |
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Trading members of the Exchange are hereby informed that, pursuant to the Composite Scheme of Arrangement (for Amalgamation) between: PRESSMAN ADVERTISING LIMITED (“Transferor Company”) and SIGNPOST INDIA LIMITED (“Transferee Company”), as approved by the Hon’ble National Company Law Tribunal, Mumbai Bench, PRESSMAN ADVERTISING LIMITED, has fixed Record Date to determine the entitlement of shareholders of PRESSMAN ADVERTISING LIMITED to be alloted the Equity shares of SIGNPOST INDIA LIMITED.
Trading Members are advised not to deal in the Equity Shares of PRESSMAN ADVERTISING LIMITED with effect from the under mentioned date:-
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COMPANY NAME
CODE
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RECORD DATE
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PURPOSE
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NO DEALINGS
FROM
W.E.F.
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PRESSMAN ADVERTISING LIMITED
(509077)
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22/09/2023
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Scheme of Arrangement (Amalgamation) : -
Upon the Scheme becoming effective and in consideration of the Amalgamation of PRESSMAN ADVERTISING LIMITED WITH SIGNPOST INDIA LIMITED;
SIGNPOST INDIA LIMITED shall issue and allot Equity Shares to the shareholders of PRESSMAN ADVERTISING LIMITED in the following share exchange ratio:
“1 (One) Equity Share of SIGNPOST INDIA LIMITED having a Face Value of Rs.2/- each to be issued as fully paid-up, for every 1 (One) Fully Paid-Up Equity Share held by shareholder of PRESSMAN ADVERTISING LIMITED (“Share Exchange Ratio”).”
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22/09/2023
DR-619/2023-2024
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Trading Members of the Exchange are requested to take note of it.
Marian Dsouza
Senior Manager – Listing Operations (CRD)
September 15, 2023
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