ABG Shipyard informs about outcome of security issue committee meeting

ABG Shipyard has informed that the Security Issue Committee of the Board of Directors of the Company has, at its meeting held on September 22, 2015, have allotted 1,24,400 nos. of fully paid-up Equity Shares of Rs 10 each at a price of Rs 275.92 to the CDR Lenders as per CDR Package on preferential basis under Chapter VII-‘Preferential Issue’ of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009. The said allotment of 1,24,400 nos. of Equity Shares of Rs 10 each shall be fully paid-up at the time of allotment and shall be subject to the lock-in for such period as may be prescribed under the SEBI ICDR Regulations.

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