Jolly Board: Updates on post delisting offer

Keynote Corporate Services Ltd ("Manager to the Offer") on behalf of Jolly Exports Pvt. Limited (“JEPL” and/or “Promoter/ Acquirer”) has informed this Post Offer Public Announcement ("Post Offer Public Announcement") to the Equity shareholders of Jolly Board Ltd ("Target Company"), in compliance with Regulation 18 of the Securities& Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (“Delisting Regulations”) by Promoter/ Acquirer to the public shareholders of Target Company, in respect of the offer made for the proposed acquisition and voluntary delisting of the fully paid-up equity shares of the Company (“Delisting offer” / “Offer”) in accordance with provisions of Delisting Regulations. This Post Offer Public Announcement is in continuation of and should be read in conjunction with the Public Announcement (“PA”) published on May 07, 2013 & Addendum to the Public Announcement published on May 22, 2013 and the offer letter dated May 06, 2013 ("Offer Letter").The Promoter/ Acquirer issued the PA to the Public Shareholders of the Company to acquire all outstanding equity shares currently held by Public Shareholders being 4,59,750 equity shares of Rs .10/- each representing 10.11% of the Company's equity share capital, in accordance with the provisions of Delisting Regulations and on the terms and subject to the conditions set out therein and in the PA and the Offer Letter. The Public Shareholders holding equity shares of the Company were invited to submit bids through the Reverse Book Building (“RBB”) process on the electronic system of the BSE Limited (“BSE”), in accordance with the Delisting Regulations. The Offer opened on May 27, 2013 and closed on May 31, 2013 (“Bid Period”).Source : BSE

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