Board of Ramco Systems decides terms of rights issue

At meeting held on 09 April 2014

Ramco Systems has announced that a meeting of the Rights Issue 2013 Committee of the Board of Directors was held on 09 April 2014 to consider the terms of the rights issue and for fixing the record date.

Accordingly, the rights issue size fixed is 79,58,293 equity shares with a face value of Rs 10 each.

The rights entitlement ratio is 1:2, i.e. one equity share for every two fully paid-up equity shares of Rs 10 each held as on the record date.

The rights issue price is Rs 155 per rights equity share (including a premium of Rs 145 per equity share).

The issue opens on 05 May 2014 and closes on 19 May 2014 (The issue closing date may be extended by the Committee to an extent that the issue remains open for a period not exceeding 30 days from issue opening date).

The entire rights issue price, i.e. Rs 155, shall be payable on application.

All the equity shares to be issued pursuant to the issue shall rank pari passu with the existing equity shares of the Company.

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