General Announcement::Notice of Closing and Effectiveness of Proposals

Issuer & Securities

Issuer/ Manager
3I INFOTECH LIMITED
Securities
3IINFOTECUS$125.356M5%CB170426 - XS0769181982 - 2CCB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
12-Dec-2016 22:30:10
Status
New
Announcement Sub Title
Notice of Closing and Effectiveness of Proposals
Announcement Reference
SG161212OTHRRSTJ
Submitted By (Co./ Ind. Name)
3i Infotech Limited
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Issuer hereby notifies the Bondholders that, further to the Notice of Closing and Automatic Conversion dated December 1, 2016 and in accordance with the Extraordinary Resolution of the Bondholders dated July 27, 2016, on December 9, 2016 (i) the Proposals set forth in the Notice of Meeting have been implemented; (ii) the Issuer and the Trustee have entered into a supplemental trust deed which amends the Trust Deed and (iii) the Issuer, the Trustee and the Conversion Agent and Deutsche Bank Luxembourg SA, as registrar have entered into a supplemental paying and conversion agency agreement which amends the Agency Agreement.
The Issuer notifies Bondholders that the reduction in principal amount of the Bonds and automatic conversion of the Relevant Portion of Bonds (pursuant to Condition 8.12) have each taken place on the Closing Date in accordance with the Proposals. The Issuer will cause the shares issued upon such automatic conversion of the Bonds to be credited to the relevant securities account of each Bondholder not later than 30 days after the Closing Date.
To the extent Bondholders have not provided details of their custody account in India into which Shares may be deposited upon automatic conversion pursuant to Condition 8.12, such Bondholders should contact (i) within the two month period after the Closing Date, Deutsche Bank AG, London Branch as the Principal Agent, and (ii) after the date which falls two months after the Closing Date, the Issuer, for transfer of such Shares or the related Net Proceeds.
In order for a Bondholder to claim its entitlement to Agent Shares or Net Proceeds from the sale of Agent Shares it will also need to provide the information set forth in Annex A, evidence of its ownership of Bonds as of July 29, 2016, being the Automatic Conversion Record Date, and such other information as the Share Agent or the Issuer may reasonably request. Such information must be provided to Deutsche Bank AG, London Branch as the Principal Agent through the Clearing Systems if it is provided prior to the date which is two months after the Closing Date, following which, such information should be provided to the Issuer directly at:
3i Infotech Limited
Tower # 5, 5th Floor
International Infotech Park
Vashi, Navi Mumbai - 400 703
Maharashtra, India

Email: compliance@3i-infotech.com
Attention: Compliance Officer and Company Secretary
3i INFOTECH LIMITED
By: Rajeev Limaye

Authorised Signatory

ANNEX A
1. Euroclear/Clearstream account no.
2. The name of the beneficial owners of the Existing Bonds.
3. The name of a contact person.
4. Telephone number and email address.
5. The name of the depository.
6. The name of the depository participant.
7. The depository participant identification number.
8. Beneficiary account number/client identification number.
9. Permanent account number (if applicable).
Please check with your depository participant to ensure that the details of the allottee given in this Annexure match with the data available with the depository participant of the allottee.

Attachments

5 percent Bonds - Notice to Bondholders.pdf
Total size =490K