R SYSTEMS INTERNATIONAL LTD. - Board declares Third Interim Dividend
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| 29 Oct 2014 | |
| R Systems International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 29, 2014, inter alia, has approved the following:<br/><br/>1. Payment of third interim dividend for the year 2014 at the rate of Re. 0.90 (Ninety Paisa only) per equity share of Re. 1/- each. Third Interim Dividend will be paid on November 21, 2014.<br/><br/>2. Transfer of Europe BPO Business by way of sale of Companys 100% holding in R Systems Europe B.V., The Netherlands and R Systems S.A.S., France, being wholly owned subsidiaries of the Company, to Customer Contact Management Group B.V. (an affiliate of Webhelp Netherland B.V.), a Europe based company, for an enterprise value of Euro 4 millions on a debt free cash free basis, subject to execution of definitive agreements and receipt of necessary corporate and regulatory approvals.<br/><br/>3. Remuneration of Mr. Satinder Singh Rekhi, Managing Director of the Company pursuant to the provisions of the Companies Act, 2013 for the period of three years i.e. April 01, 2014 till March 31, 2017. <br/><br/>4. Notice for passing of special resolution through Postal Ballot seeking approval of the shareholders pursuant to Section 110 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014 for the approval of remuneration of Mr. Satinder Singh Rekhi as Managing Director of the Company and appointment of Mr. Sanjay Grover, Practising Company Secretary as Scrutinizer for conducting the postal ballot.<br/><br/>5. Appointment of Mrs. Ruchica Gupta as member of Nomination and Remuneration Committee of the Board. | |
| View all announcements for R SYSTEMS INTERNATIONAL LTD. | Source: BSE India |
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