General Announcement::Allotment of Equity Shares upon conversion of Series B Bonds

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
06-Oct-2017 19:32:43
Status
New
Announcement Sub Title
Allotment of Equity Shares upon conversion of Series B Bonds
Announcement Reference
SG171006OTHRDK63
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 wish to inform you that the Committee of the Company at its meeting held today, has considered allotment of 8,81,59,500 equity shares consequent to conversion for 16,250 FCCBs of US$ 1,000 each (Series B Bonds) aggregating to US$ 16.25 Mn. at a conversion price of Rs. 10 per share, in terms of Offering Circular dated October 17, 2012 for issue of US$ 207,546,000 Interest Bearing Convertible Bonds due 2017.

As a result of the aforementioned conversion and upon completion of requisite formalities for issuance of new bonds in exchange of existing Series B bonds, the unsecured debt held through optionally convertible bonds will stand reduced from US$ 193.4 Mn. as on March 31, 2017 to US$ 86.4 Mn.