General Announcement::Results of the meetings of the Bondholders

Issuer & Securities

Issuer/ Manager
3I INFOTECH LIMITED
Securities
3IINFOTECH US$2.435MCB170726 - XS0308551166 - 3JDB
3IINFOTECUS$125.356M5%CB170426 - XS0769181982 - 2CCB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
28-Jul-2016 17:55:19
Status
New
Announcement Sub Title
Results of the meetings of the Bondholders
Announcement Reference
SG160728OTHRFVUB
Submitted By (Co./ Ind. Name)
3i Infotech Limited
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
By a notice given via the clearing systems and dated July 5, 2016, the Company had convened a meeting on July 27, 2016 of the holders of the 5% Bonds and the 4.75% Bonds to consider, and if thought fit, approve, extraordinary resolutions to amend the respective trust deeds constituting, the terms and conditions of, the outstanding 5% Bonds and the outstanding 4.75% Bonds, to amend the paying and conversion agency agreement and to waive events of default under the 5% Bonds and the 4.75% Bonds.

We are pleased to inform you that the meeting of the holders of the 5% Bonds was quorate and the extraordinary resolution was passed.

However, the meeting of the holders of the 4.75% Bonds stands adjourned to 11:00 a.m. (London time) on Wednesday, August 10, 2016 for want of adequate quorum.

The settlement of the exchange offer and the new bonds will be completed upon announcement of the outcome of the adjourned meeting of the holders of the 4.75% Bonds and receipt of certain regulatory approvals, including from the Reserve Bank of India (RBI), that are to be obtained post the approval of the holders of the Bonds.

We enclose the notices of outcome to the meetings of the bondholders for your perusal that are being given to the bondholders through the clearing systems.

This is for your information and record please.

Attachments

SGX Announcement.pdf
Notice of Outcome of Meeting - ISIN XS0769181982.pdf
Notice of Outcome of Meeting - ISIN XS0308551166.pdf
Total size =832K