CORRIGENDUM TO THE PUBLIC ANNOUNCEMENT
TO THE SHAREHOLDERS OF ROCHEES BREWERIES LIMITED
Registered Office : B-5, Rochees Marg, Kanwar Nagar, Jaipur, Rajasthan - 302 002
Tel: 0141-2634311 Fax: 0141-2634310
This corrigendum is in continuation to the Public Announcement (“PA”) that appeared in this newspaper on the 15th November 2002 and should be read in conjunction with the PA and the Letter of Offer to be issued to the shareholders of Rochees Breweries Ltd (RBL).
A. Revised Activity Schedule
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Activity
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Date as per PA
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Revised Date
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Specified Date
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7th December 2002 (Saturday)
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7th December 2002 (Saturday)
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Date by which Letter of Offer will be despatched to the shareholders
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16th December 2002 (Monday)
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30th December 2002 (Monday)
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Offer opening date
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23rd December 2002 (Monday)
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4th January 2003 (Saturday)
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Offer closing date
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21st January 2003 (Tuesday)
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3rd February 2003 (Monday)
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Last date for revising offer price/no. of shares
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14th January 2003 (Tuesday)
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23rd January 2003 (Thursday)
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Last date for withdrawal of shares tendered on this Offer
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18th January 2003 (Saturday)
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29th January 2003 (Wednesday)
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Date by which acceptance / rejection would be intimated and the payment for acquired shares and / or the share certificate for the rejected shares will be despatched
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20th February 2003 (Thursday)
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20th February 2003 (Thursday)
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There has been no competitive bid. The tenure of the bank guarantee executed in favour of the Manager has been extended upto 25th March 2003.
B. Acceptance from shareholders of RBL of those shares tendered in the offer made by SABMiller India Ltd. (formerly South African Breweries India Ltd./SABI), South African Breweries International (Asia) B.V. and SABMiller Plc (formerly South African Breweries Plc.) which are lying with MCS Limited
Due to delay in receiving the required approval from Foreign Investment Promotion Board (FIPB), SABI has been unable to complete the offer as on date and SABI is still awaiting the required approval.
Accordingly, shareholders of RBL who had tendered their shares in response to the aforesaid public offer made by SABMiller India Ltd. (formerly South African Breweries India Ltd./SABI), South African Breweries International (Asia) B.V. and SABMiller Plc (formerly South African Breweries Plc.) which closed on January 15th, 2002 and whose shares are lying with MCS Ltd., the Registrar to the said offer, are also eligible to participate in this offer by Mysore Breweries Ltd. These shareholders may follow the procedure under para 8(xiv) of the Letter of Offer. The liability of SABI (including the interest amount) would continue towards the shareholders who do not withdraw from the earlier open offer made by SABI.
Shares of such shareholders who chose not to participate in this Offer would continue to be in the custody of the Registrar and subject to the Terms and Conditions of the earlier offer. Hence, if the FIPB approval is received by SABI, such shareholders would receive from SABI Rs.10.15 per share and 15% penal interest from 13th February 2002 upto the date of despatch of the consideration by SABI. However, if the FIPB approval is rejected, shares of such shareholders lying in the custody of the Registrar would be returned by registered post.
C. Deemed Acceptance of Physical Shares
In case of receipt of only the physical shares and the duly signed transfer deed, the Offer shall be deemed to have been accepted. However, if only the shares are received, they would be returned at the closure of the Offer.
D. Delisting
Acquirer and PACs undertake to make an offer to buy the outstanding shares remaining with the shareholders in accordance with the Guidelines specified by SEBI in respect of De-listing of Securities in case the public shareholding is reduced to 10% or less after the present Offer.
The Board of Directors of the Mysore Breweries Limited, SABMiller India Ltd, South African Breweries International (Asia) B.V., SABMiller Plc and Pals Distilleries Ltd accept full responsibility for the information contained in this corrigendum and also for the obligations of the Acquirer/ Persons Acting in Concert laid down in the SEBI (SAST) Regulations and any subsequent amendments thereto.
The other terms and conditions of the offer remain unchanged. The Public Announcement and this corrigendum is also become available on SEBI website www.sebi.gov.in.
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Issued By:
MANAGER TO THE OFFER
STRATCAP SECURITIES (INDIA) PVT LTD
Strategic House, 44, Mint Road, Fort, Mumbai – 400 001
Tel: 022-56349946-49 Fax: 022-22642393
E-mail: info@strategicindia.net
Contact Person : Ms.Natasha Fernandes
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On Behalf of:
ACQUIRER
MYSORE BREWERIES LIMITED
Jalahalli Camp Road, Yeswanthpur, Bangalore – 560 022.
Tel: 080-3375227 Fax: 080-3378313
And Persons Acting in Concert: SABMiller India Ltd, SABMiller plc, South African Breweries International (Asia) B.V. and Pals Distilleries Ltd.
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Forms/ Documents to be sent to:
REGISTRAR TO THE OFFER
MCS Ltd.
Sri Venkatesh Bhavan
Road No. 11, MIDC, Andheri (E),
Plot No. 27, Mumbai- 400 093
Tel: 022- 2821 5235
Fax: 022- 2835 0456
E-mail: mcsmum@vsnl.com
Contact Person: Mr. Ashok Gupta
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Date : 24th December 2002
Place : Mumbai