General Announcement::Outcome of Board Meeting

Issuer & Securities

Issuer/ Manager
GTL INFRASTRUCTURE LIMITED
Securities
GTL INFRA US$111.74M ZCB171109 - XS0854042537 - 2MDB
GTL INFRA US$207.546M FC171109 - XS0854044822 - 2MEB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
09-Feb-2017 19:12:50
Status
New
Announcement Sub Title
Outcome of Board Meeting
Announcement Reference
SG170209OTHREQCR
Submitted By (Co./ Ind. Name)
Nitesh A Mhatre
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
We have to inform you that the Board of Directors of the Company in its meeting held on February 8, 2017 has considered and approved convening of an Extra-Ordinary General Meeting of the shareholders of the Company on March 16, 2017 for obtaining their approval inter-alia for issuance of equity shares against conversion of part outstanding loan (including accrued interest thereon) under Strategic Debt Restructuring Scheme and for restructuring of Foreign Currency Convertible Bonds. The proposals, if approved by the shareholders / lenders, will result in reduction of considerable portion of Debt of the Company.