Nucleus Software Exports informs about outcome of committee meeting

17 Jun 2017

Nucleus Software Exports has informed that the Buyback Committee in meeting held on June 16, 2017, has approved the buy-back of upto 33,43,000 Fully paid-up equity shares under the Buyback Offer, representing 10.32% of the total paid-up equity share capital of the company at final Buyback price of Rs. 350 per share of face value Rs 10 each for an aggregate amount not exceeding Rs 1,170,050,000 (excluding transaction cost, viz. brokerage, applicable taxes such as securities transaction tax, service tax, stamp duty etc., cost for the intermediaries appointed for the Buyback and other incidental costs) which is 24.83% of the Paid-up equity share capital and free reserves of the Company for the Financial Year ended March 31, 2017. Record Date as June 30, 2017 for the purpose of determining the entitlement and the names of the shareholders who are eligible to participate in the Buyback Offer of the Company.

The above information is a part of company’s filings submitted to BSE.

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