Dover Securities announces Post Offer Shareholding Status

Chartered Capital & Investment Ltd ("Manager to the Offer"), on behalf of Money Matters (India) Pvt Ltd ("the Acquirer") along with Mr. Rajesh Sharma (Person Acting in Concert / "PAC") has issued this Post Offer Public Announcement to the shareholders of Dover Securities Ltd ("Target Company"), which is in continuation of & should be read in conjunction with, the Public Announcement ("PA") dated November 28, 2006, pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereof, to acquire up to 10,00,040 fully paid up equity / voting share capital representing 20.00% of the equity / voting share capital of the Target Company at offer price of Rs 8.00 per fully paid equity share of Rs 10/- each, payable in cash (the "Offer").

The details of acquisition are as under:

-----------------------------------------------------------------------------------------
Item				Proposed in the 		Actuals
				offer document
-----------------------------------------------------------------------------------------
1. Offer Price			Rs 8.00 			Rs 8.00
2. Shares acquired in the	10,00,040 (20%) 		8,540 (0.17%)
open offer (No & %)
3. Post offer Shareholding of	41,57,439 (83.14%) 		31,65,939  (63.31%)
the acquirer (No & %)
-----------------------------------------------------------------------------------------

Source : Equity Bulls

Keywords