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OnMobile Global Ltd. — Capital/Financing Update 2019
Sep 18, 2019
62296_rns_2019-09-18_1e26c93a-f34e-4f12-9a58-993b05b3da63.pdf
Capital/Financing Update
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mobile
ONMOBILE GLOBAL LIMITED Tower #1, 94/1 C & 94/2, Veerasandra Village, Attibele Hobli, Anekal Taluk, Electronic City Phase-1, Bangalore - 560100, Karnataka, India
P: +91 80 4009 6000 IF: +91 80 4009 6009 CIN - L64202KA2000PLC027860 Email - [email protected]
www.onmobile.com
September 18, 2019
To The Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Sandra- Kurla Complex, Sandra (E), Mumbai - 400 051
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: Clarification on Movement in Price Ref: NSE letter No. NSE/CM/Surveillance/8599 dated September 17, 2019 BSE e-mail L/SURV/ONL/PV/PA/ 2019-2020 / 530 dated September 17, 2019
With reference to above, this is to apprise you that OnMobile Global Limited ('OGL' or 'the Company') had made a disclosure to the Stock Exchanges under regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 vide letter dated September 14, 2019 enclosing a letter from OnMobile Systems Inc., Promoter of the Company (OMSI) informing about entering into a Share Purchase Agreement with Jump Networks Limited for the sale of 19,000,000 equity shares of OGL at price ranging from INR 75.50 to INR 78.00 per equity share. Copy of the said disclosure letter is enclosing herewith for your ready reference.
Other than the information which was shared vide letter dated September 14, 2019, the Company does not have any specific information / announcement as of now which in our opinion may have a bearing on the price or volume behavior of the scrip.
Further, we hereby confirm that the Company has been making prompt disclosures to the Stock Exchanges of all events or information that have a bearing on the operation / performance of the Company which include all price sensitive information etc., within the stipulated timelines as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Kindly take the same on record.
Thanking you,
Yours Sincerely, For OnMobile Global Limited P V V araprasad Company Secretary
Encl:a/a
onmobile
ON MOBILE GLOBAL LIMITED Tower #1, 94/1 C & 94/2, Veerasandra Village, Attibele Hobli, Anekal Taluk, Electronic City Phase-1, Bangalore - 560100, Karnataka, India
P: +91 80 4009 6000 IF: +91 80 4009 6009 CIN - L64202KA2000PLC027860 Email - [email protected]
September 14, 2019
The Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra- Kurla Complex, Bandra (E), Mumbai - 400 051 Scrip Code: ONMOBILE To
The Secretary Department of Corporate Services BSE Limited PJ Towers, Dalal Street, Mumbai - 400 00 l Scrip Code: 532944
Dear Sir/Madam,
Sub: Disclosure under regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015
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 OnMobile Systems Inc., Promoter of the Company (OMS!) informing about entering into a Share Purchase Agreement with Jump Networks Limited for the sale of 19,000,000 equity share of OGL at price ranging from INR 75.50 to INR 78.00 per equity share.
Please take the same on record.
Thanking you,
Yours sincerely, For OnMobile Global Limited . f \J.V� P. V. Varaprasad Company Secretary
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OnMobile System� Inc. 40, rue McGill, 5 [th ] floor, Montreal, Canada
14 [th ] September 2019
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.: Execution of Share Purchase Agreement (defed below)
OnMobile Systems Inc. ("OMSI") is the Promoter of OnMobile Glogal Limited ("ONMOBILE") and currently holds 48.18% of the total issued and paid-up share capital of ON MOBILE.
This is to inform you that OMSI has entered into a share purchase agreement dated September 13, 2019 (the "SPA Date") with Jump Networks Limited ("JUMPNET") for the sale of 19,000,000 equity shares of ON MOBILE at a price ranging from INR 75.50 per equity share to INR 78.00 per equity share (the "Share Purchase Agreement"). This sale is expected to be conducted within 75 days from the SPA Date and is subject to the conditions set out in the Share Purchase Agreement.
It is our belief that ONMOBILE's strong portfolio of products and long-standing operator relationships together with the technology thrust provided by JUMPNET will help in cementing ONMOBILE's position as a global leader in mobile entertainment.
Leveraging a proprietary low bandwidth streaming technology and its reach to the next bottom billion of the society, the JUMPNET investment can create tremendous impact in the lives of the masses by providing quality services across education, entertainment, mobile services, etc.
You are requested to communicate the above to the stock exchanges.
Yours faithfully, For OnMobile Systems Inc.
RANCOIS-CHARLES SIROIS) Chief Executive Officer