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OnMobile Global Ltd. — Capital/Financing Update 2019
Nov 29, 2019
62296_rns_2019-11-29_ccb0c1f2-74aa-42bc-b849-d0212a2bd1c5.pdf
Capital/Financing Update
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November 29, 2019
onmobile
ONMOBILE GLOBAL LIMITED Tower #1, 94/1 C & 94/2, Veerasandra Village, Attibele Hobli, Anekal Taluk, Electronic City Phase-1, Bangalore - 560100, Karnataka, lndie
P: +91 80 4009 6000 IF: +91 80 4009 6009 CIN - L64202KA2000PLC027860 Email • [email protected]
To The Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra- Kurla Complex, Bandra (E), Mumbai - 400 05 I Scrip Code: ONMOBILE
The Secretary Department of Corporate Services BSE Limited PJ Towers, Dalal Street, Mumbai-400 001 Scrip Code: 532944
Dear Sir/Madam,
Sub: Disclosure under regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015
Ref: Our Intimation dated September 14, 2019
With reference to the above, we here by disclose to the Stock Exchanges that OnMobile Global Limited ('OGL' I 'the Company') has received the enclosed letter from On Mobile Systems Inc., Promoter of the Company ("OMS!") informing that OMS! and Jump Networks Limited ("JUMPNET") have mutually agreed to extend the time period to December 20, 2019, to conduct the sale of shares.
Please take the same on record.
Thanking you,
Yours sincerely, For OnMobile Global Limited
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P.Y. Yaraprasad Company Secretary Encl: a/a
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November 28, 2019
onmobile
OnMobile Systems Inc. 460, rue McGill, 5[th ] floor, Montreal, Quebec H2Y 2H2 CANADA
To, The Company Secretary, OnMobile Global Limited, Tower# 1, 94/lC & 94/2, Veerasandra Village, Electronic City, Phase - 1, - Bangalore 560100, India.
Dear Sir,
Sub.: Extension of the time period fr undertaking the Sale (defned below)
This is an update of the intimation dated September 14, 2019 (the "September 14[th ] Intimation") by OnMobile Systems Inc. ("OMSI"), the promoter of OnMobile Global Limited ("ONMOBILE"), to ONMOBILE regarding the sale of 19,000,000 equity shares of ONMOBILE (the "Sale Shares") at a price ranging from INR 75.50 per Sale Share to INR 78.00 per Sale Share (the "Sale Price Range", and such sale of the Sale Shares within the Sale Price Range, the "Sale").
As intimated to you in the September 14[th ] Intimation, OMSI entered into a share purchase agreement dated September 13, 2019 (the "SPA Date") with Jump Networks Limited ("JUMPNET") for the sale of the Sale Shares within the Sale Price Range (the "Share Purchase Agreement"). The Sale, subject to the conditions set out in the Share Purchase Agreement, was expected to be conducted within 7 5 days from the SP A Date.
Now, OMSI wishes to inform you that OMSI and JUMPNET have mutually agreed to extend the time period, within which the Sale is expected to be conducted, to December 20, 2019. The Sale, if conducted, shall be undertaken within the Sale Price Range and shall be subject to the conditions set out in the Share Purchase Agreement.
You are requested to communicate the above to the stock exchanges.
Yours faithfully,
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Fran9ois-Charles Sirois Chief Executive Officer
460 McGill Street, Suite 500 Montreal, Quebec H2Y-2H2 Canada