General Announcement::Intimation of Board Meeting to consider repurchase of Foreign Currency Debt

Issuer & Securities

Issuer/ Manager
GLENMARK PHARMACEUTICALS LIMITED
Securities
GLENMARK PHARM US$170M2%220628 - XS1426780125 - 4G8B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
09-Feb-2021 20:25:55
Status
New
Announcement Sub Title
Intimation of Board Meeting to consider repurchase of Foreign Currency Debt
Announcement Reference
SG210209OTHR0E1W
Submitted By (Co./ Ind. Name)
Glenmark Pharmaceuticals Limited
Designation
Company Secretary Compliance Officer
Description (Please provide a detailed description of the event in the box below)
Re: Intimation of Board Meeting under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to consider repurchase of Foreign Currency Debt

A. We hereby inform you that, pursuant to Regulation 29 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, a meeting of the Board of Directors of Glenmark Pharmaceuticals Limited ( Company ) will be held on February 12, 2021, to consider opportunistic tenders or buybacks of any part of its Singapore listed foreign currency convertible bonds, being, its U.S.$200 million (as on date outstanding U.S.$ 113.5 million) 2 per cent resettable onward starting equity linked securities due June 28, 2022 issued in 2016 ( FCC Bonds ), based on market opportunities and conditions from time to time and to delegate powers to operations committee. The Operations Committee, based on market opportunities and conditions, will hold meetings to consider and approve the terms and conditions of any tenders or buybacks.

B. This is for the information of your members and all concerned in compliance with the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, as amended.

The above is for your information.

Attachments

SGX_Intimation.pdf
Total size =55K