EGM scheduled on 13 March 2015
United Bank of India announced that:1. The Bank proposes to allot to the Central Government by way of Preferential Allotment under Chapter VII of the SEBI ICDR Regulations 2009:-
- up to 12,28,60,818 equity shares of Rs. 10/- each by conversion of 52523 nos. perpetual noncumulative Preference Shares of Rs. 100,000/- each aggregating Rs. 525.23 crore.
- up to 23,39,18,128 equity shares of Rs. 10/- each aggregating up to Rs. 1000 crore for cash against fresh capital infusion.
2. The Bank proposes to hold an Extraordinary General Meeting for the above purposes on 13 March 2015 at 10.00 AM. at Kolkata.
3. The Relevant Date for the purpose of the aforesaid issue(s) is 11 February 2015 as per Regulation 71(a) of the SEBI ICDR Regulations.
4. Based on the Relevant Date, the issue price has been worked out at Rs. 42.75 per share under Regulation 76(1) of the SEBI ICDR Regulations.
5. The Bank proposes to conduct e-Voting on the aforesaid resolutions under Clause 35B of the Listing Agreement on the e-Voting platform of Central Depository Services (India) from 10.00 hrs on 07 March 2015 to 17.00 hrs on 09 March 2015.
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