General Announcement::Preferential Issue of Equity Shares to GOI - EGM on 29.09.2015-Updates

Issuer & Securities

Issuer/ Manager
CANARA BANK
Securities
CANARABANKUS$250M6.365%N211128 - XS0276148847 - 7TSB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
01-Sep-2015 13:36:25
Status
New
Announcement Sub Title
Preferential Issue of Equity Shares to GOI - EGM on 29.09.2015-Updates
Announcement Reference
SG150901OTHRHGCC
Submitted By (Co./ Ind. Name)
B Nagesh Babu
Designation
AGM & Company Secretary
Effective Date and Time of the event
01/09/2015 17:00:00
Description (Please provide a detailed description of the event in the box below)
We refer to our earlier communication dated 31.08.2015, wherein we had informed the Exchanges that the Managing Director & CEO, as per the authority delegated by the Board, has approved to conduct the Extraordinary General Meeting of the Bank on 29.09.2015 for obtaining the consent of the shareholders to make preferential allotment of equity shares of the Bank to the Government of India (GOI).

In this connection, we inform as under :

- The Relevant Date is 28.08.2015 (in terms of SEBI-ICDR Regulations);

- The Bank has fixed a minimum Issue Price at Rs. 340.72 calculated in accordance with the Regulation 76 (1) of SEBI-ICDR Regulations for the proposed issue of equity shares to the Government of India by way of Preferential Allotment;


- Based on the Issue Price of Rs. 340.72, number of shares to be issued and allotted to Government of India works out to 2,77,94,083.

Copy of the EGM Notice will be sent to you in due course.

Attachments

CanaraEGMupdates01092015.pdf
Total size =251K