PDS LIMITED — Capital/Financing Update 2023

Jun 16, 2023

June 16, 2023

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PDS/SE/2023-24/251

Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1 Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai -400 051 Mumbai- 400001 Scrip Symbol: PDSL Scrip Code: 538730

Sub: Intimation of Acquisition under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Re: ISIN - INE111Q01021

Dear Sir/ Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that a Subsidiary of the Company, PDS Lifestyle Limited, a Company incorporated under the laws of England and Wales, has proposed to acquire 100% stake in New Lobster Limited (“New Lobster”), incorporated under the laws of England and Wales. New Lobster will serve as the global hub for the Ted Baker brand and take on Ted Baker’s design and merchandising functions. Further, this entity will become a core licensee and operating partner for Ted Baker.

The additional details regarding aforesaid acquisition in lines with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, is enclosed as Annexure-A.

We request you to kindly take the above information on record.

Yours faithfully, for PDS Limited (Erstwhile PDS Multinational Fashions Limited)

ABHISHE Digitally signed by ABHISHEKH KANOI KH KANOI Date: 2023.06.16 10:50:35 +05'30' Abhishekh Kanoi Head of Legal & Company Secretary ICSI Membership No.: F-9530

Encl.: a/a

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DISCLOSURES PURSUANT TO SEBI CIRCULAR CIR/CFD/CMD/4/2015 DATED

9[TH] SEPTEMBER 2015

Annexure A

Disclosure for the acquisition of New Lobster Limited, by Subsidiary of the Company PDS Lifestyle Limited

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Sl. Particulars in respect of the Details/Information of the Event
No. Event
1 Name of the target entity, New Lobster Limited (“New Lobster”)
details in brief such as size,
turnover etc. Issued Share Capital: INR 312 [equivalent to ≈ £ 3]
(Consisting of Three ordinary shares of one pound each).
Turnover: Nil
PAT: Nil
Networth: £ 14,600,001
2 Whether the acquisition would No
fall within related party
transaction(s) and whether the
promoter/ promoter group/
group companies have any
interest in the entity being
acquired? If yes, nature of
interest and details thereof and
whether the same is done at
“arm’s length”
3 Industry to which the entity Apparel Industry
being acquired belongs.
4 Objects and effects of This acquisition enables PDS Group to expand its offering
acquisition. into brand management services & wholesale distribution.
(including but not limited to, New Lobster will serve as the global hub for the Ted Baker
disclosure of reasons for brand and take on Ted Baker’s design and merchandising
acquisition of target entity, if its functions. Further, this entity will become a core licensee
business is outside the main line and operating partner for Ted Baker. New Lobster
of business of the listed entity) accordingly has the employees and net working capital for
the above-mentioned business, which is being acquired at
Net Asset Value basis.
5 Brief details of any No governmental or regulatory approval is required.
governmental or regulatory
approvals required for the
acquisition.
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6	Indicative time period for completion of the acquisition.	On or before July 31, 2023
7	Nature of Consideration	Cash Consideration
8	Cost of acquisition or the price at which the shares are acquired.	At INR 1,505,114,000/- (Rupees One Billion Five Hundred Five Million One Hundred Fourteen Thousand). [Equivalent to ≈£ 14,600,000]
9	Percentage of shareholding / control acquired and / or number of shares acquired.	PDS Lifestyle Limited proposes to acquire 100% of shares in New Lobster Limited.
10	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information.	New Lobster Limited is a Company incorporated in the United Kingdom, having its registered office at Ted Baker on Cleveland, 111-117 Cleveland Street, London -W1T 6PX England. New Lobster will be responsible for all design, development, and product innovation servicing partners around the world, ensuring that the Ted Bakers brand’s vision and ethos are preserved. Ted Baker is a distinctive British lifestyle brand, that displays a commitment to its inherent authenticity, exploration, and inclusivity. Global Ted Baker distribution partners will purchase the brand’s core categories from New Lobster, including men’s and women’s sportswear and outerwear, men’s dress shirts, women’s dresses, and fashion handbags. Additionally, New Lobster will service wholesale accounts in the UK and Europe. A dedicated team that will exclusively provide market-leading practices and solutions, delivered through an ethical and trusted value chain. The Company has been incorporated in the United Kingdom on May 2, 2023. Disclosure of turnover for last 3 (three) years: Nil Countries ofpresence: United Kingdom

for PDS Limited

(Erstwhile PDS Multinational Fashions Limited)

ABHISHEK Digitally signed by ABHISHEKH KANOI H KANOI Date: 2023.06.16 10:51:39 +05'30' Abhishekh Kanoi Head of Legal & Company Secretary ICSI Membership No.: F-9530

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