HT MEDIA LTD. - Outcome of Share BuyBack Committee Meeting (Closure of Scheme of Buyback of Equity Shares of the Company)

HT Media Ltd has informed BSE that the Company has completed total Buyback of 22,72,727 equity shares (of face value Rs. 2/- each), till February 20, 2014 for an aggregate amount of Rs. 18,80,84,338.24 being approximately 75.23% of the total Buyback Offer of Rs. 25 crores. The number of shares bought back is equal to the total buyback size of 22,72,727 shares and is in excess of the requisite minimum Buyback of 5,68,182 Equity Shares as stated in the Public Announcement dated May 15, 2013.<br/><br/>Further, the Share Buyback Committee of the Board of Directors of the Company has, at its meeting held on February 20, 2014, decided to close the scheme for Buyback of Equity Shares from open market route through stock exchange with effect from February 20, 2014 (hereinafter referred to as the Last Date for the Buyback). All payment obligations relating to the Buyback offer shall be completed in accordance with the stock exchange settlement process.<br/><br/>The Company will release a public announcement summarizing the Buyback in accordance with SEBl (Buyback of Securities) Regulations, 1998.