Company Announcements

Qualified Institutions Placement by YES Bank Ltd.

Source: RNS
RNS Number : 4598I
YES Bank Limited
08 August 2019
 

 

August 08, 2019

 

India International Exchange IFSC Limited

101 First Floor, Hiranandani Signature Tower,

GIFT City IFSC - 382355, Gujarat, India

The Singapore Exchange Securities Trading Limited

2, Shenton Way #19-00

SGX Centre 1, Singapore 068804

 

The London Stock Exchange

10, Patemoster Square,

London, EC4M 7LS

 

 

[

Dear Sirs,

 

Sub.:   Qualified Institutions Placement of equity shares of face value ` 2 each by YES Bank Limited

 

Further to our letter dated April 26, 2019, we wish to inform you that pursuant to the approval accorded by the Board of Directors ("Board") of the Bank, at its meeting held on April 26, 2019 and the special resolution passed by the shareholders of the Bank on June 12, 2019 for the Issue, the Capital Raising Committee of the Board of Directors of the Bank ("Committee") has, at its meeting held today i.e. August 08, 2019, passed resolutions in connection with the following:

 

a.   Authorised the opening of the Issue today, i.e. August 08, 2019;

 

b. Approved the floor price for the Issue being` 87.9 per Equity Share, based on the pricing formula as prescribed under Regulation 176 of Chapter VI Part IV of SEBI ICDR Regulations (the "Floor Price") and the Committee may, at its absolute discretion, offer a discount of not more than 5% on the Floor Price in accordance with Regulation 176 of Chapter VI Part IV of the SEBI ICDR Regulations; and

 

c.  Approved and adopted the preliminary placement document dated August 08, 2019 (the "Preliminary Placement Document") in connection with the Issue.

 

 

We wish to inform you that the 'Relevant Date' for the purpose of the Issue, in terms of Regulation 171(b) of the SEBI ICDR Regulations is August 08, 2019 and, accordingly, the aforementioned Floor Price has been determined.

 

Further, on July 17, 2019, we had submitted the unaudited standalone and consolidated financial results (which included the profit and loss statement) along with the limited review report for the quarter ended June 30, 2019, pursuant to the LODR Regulations. We are now, in addition submitting the reviewed condensed interim standalone and consolidated financial statements of the Bank as of, and for quarter ended, June 30, 2019 (which includes the balance sheet, profit and loss statement and cash flow statement) along with the relevant limited review reports solely for the limited purpose of disclosure in any draft/ final offer document that may be prepared by the Bank in relation to the Issue.

 

http://www.rns-pdf.londonstockexchange.com/rns/4598I_1-2019-8-8.pdf

 

Kindly take note of the above.

 

The announcements made by the Bank can also be accessed at its website www.yesbank.in.

 

Thanking you,

 

Yours faithfully,

For YES BANK LIMITED

 

 

 

Shivanand R. Shettigar

Group Company Secretary


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