PUNJAB and SIND BANK - Preferential Issue of Equity Shares (EGM on Sept 19, 2014)

Punjab and Sind Bank has informed BSE that Chairman and Managing Director of the Bank, as per authority delegated by the Board, has approved the following:<br/><br/>1. Holding of Extra Ordinary General Meeting (EGM) of Shareholders of the Bank on Friday, September 19, 2014 at 10 a.m. at India International Centre, Lodi Estate, New Delhi-110003 for the purpose of seeking approval of Shareholders by way of Special Resolution for issuance of Equity Shares of Rs. 10/- each, for an amount up to Rs. 560 crore in favour of the Government of India and up to Rs. 400 crore to Financial Institution(s), Life Insurance Corporation of India [LIC], General Insurance Corporation of India [GIC] and subsidiary companies of GIC, at such price as may be decided as per SEBI (ICDR) Regulations, 2009, on preferential basis in favour of Government of India.<br/><br/>2. Fixed, August 14, 2014 as "cut-off" date, for shareholders whom notice for EGM shall be sent, entitlement for e-voting and to attend EGM, vote at the EGM.