Audited Results

Auditors

Announcements

Shares & Shareholder Patterns

Key Performance Indicators

Corporate Governance

Investor Contacts

Dolphin Offshore - Conversion of FCCBs into equity shares

This is to inform you that the Company has received Conversion Notices through The Bank of New York Mellon from

• Clearwater Capital Partners (Cyprus) Ltd. for converting 288 Foreign Currency Convertible Bonds (FCCBs) of USD 1,000/- each

• Clearwater CP CLO I Pte Ltd. for converting 1775 Foreign Currency Convertible Bonds (FCCBs) of USD 1,000/- each

Accordingly, the Managing Committee of the Company at its meeting held on October 27, 2009 allotted 81,158 Equity Shares of Rs.10/- each to Clearwater Capital Partners (Cyprus) Ltd. for cash at a premium of Rs.151/- and 5,00,197 Equity Shares of Rs.10/- each to Clearwater CP CLO I Pte Ltd. for cash at a premium of Rs.151/- by conversion of Bonds worth USD 2,063,000 (US Dollar Twenty Lakhs Sixty Three Thousand).


The status of FCCBs is as under:

Initial Issue - USD 15,000,000
First Conversion - USD 3,000,000
Second conversion - USD 3,495,000
Third Conversion - USD 2,063,000

Balance to be converted - USD 6,442,000
Kindly take note of the same.




 

 

 

 

Back