| 23-Mar-12 |
| UCO Bank has informed BSE that the Bank is convening an Extra-ordinary General Meeting of the shareholders on March 23, 2012 for seeking the approval of shareholders for the following proposals:
1. issuance of upto 3,13,75,874 of equity shares of Rs. 10/- each for cash at a price as may be determined in accordance with 76(4) of SEBI (ICDR) Regulations 2009 on preferential basis to the Life Insurance Corporation of India.
2. issuance of additional equity capital on preferential basis to the Government of India upto Rs. 500 crore or such other amount that the GOI may approve at a price as may be determined in accordance with 76 (1) of SEBI (ICDR) Regulations 2009.
UCO Bank has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company was held on March 23, 2012.
(As Per BSE Announcement Dated on 26.03.2012) |
| 17-Mar-11 |
| UCO Bank has informed BSE that the Board of Directors of the Bank, at its meeting held on February 19, 2011, approved preferential allotment of Equity shares of Rs. 10/- each to Govt. of India against the proposed capital infusion of Rs. 940 crore at an issue price as may be determined in accordance with Regulations 76(1) of SEBI ICDR Regulations, subject to the approval of shareholders of the Bank.
The Bank has further informed that Extraordinary General Meeting of the shareholders will be held on March 17, 2011, to consider above proposal for issue of Equity shares to the Govt. of India on preferential basis.
UCO Bank has informed BSE that an Extra Ordinary General Meeting (EGM) of the Bank will be held on March 17, 2011. to create,offer, issue and allot upto 7,90,00,000 (Seven Crore Ninety Lakh) equity shares of Rs. 10/- each (Rupees Ten only) for cash
at such Issue Price as may be determined by the Board of in accordance with Regulation 76(1) of SEBI ICDR Regulations and aggregating to Rs. 940 crores on Preferential basis to Government of India, subject to necessary provisions & approvals.
(As Per BSE Announcement Dated on 01.03.2011)
UCO Bank has informed BSE that the Extra Ordinary General Meeting (EGM) of the Bank was held on March 17, 2011.
Outcome of EGM:
- The Chairman took up the only item on the agenda relating to raising of capital and issue of equity shares on preferential basis to Government of India.
- The Chairman detailed the background of the agenda item and proposed the Special Resolution as set out in the Notice convening the Meeting.
- The Chairman informed the members that the issue price determined as per the SEBI (ICDR) Regulations, 2009 is Rs. 120.27 taking February 15, 2011 as the relevant dote. A certificate from M/s. D.R Mohnot & Co, Chartered Accountants, one of the Statutory Auditors of the Bank certifying the correctness of Issue Price of Rs. 120.27 and compliance with SEBI (ICDR) Regulations is placed before the members at the meeting.
- The Chairman further informed that at the issue price of Rs. 120.27 per share, Bank will issue and allot 7,81,57,479 equity shares to Government of India against propose funding of Rs. 940 Crore. Out of Rs. 940 Crore, an amount of Rs. 78,15,74,790 will be transferred to Share capital account and balance of Rs. 861,84,25,210 to share premium account.
- The Special Resolution was proposed and seconded by the Shareholders.
- Before putting the resolution to vote, the Chairman invited the shareholders present to make their observations if any
- The Chairman then responded to the observations made / queries raised by the Shareholders.
- The Chairman then put the resolution to vote on a show of hands and announced that the Special Resolution was passed with requisite majority.
- The Chairman then declared the Extraordinary General Meeting as closed.
(As Per BSE Announcement Website dated on 18.03.2011) |
| 02-Mar-10 |
| UCO Bank has informed BSE that the Extra Ordinary General Meeting (EGM) of the bank will be held on March 02, 2010, inter alia, to create, offer, issue and allot not exceeding 6 (six) crore Equity Shares (the 'Equity Shares') of face value of Rs 10/- each, in one or more tranches by way of domestic / international offerings to one or more persons as the Board may determine at its absolute discretion, whether or not they are members of the Bank, including but not limited to domestic investors / foreign investors whether having presence in India or not / institutional investors / foreign institutional investors, members, employees, non-resident Indians, companies or bodies corporate whether incorporated in India or abroad, trusts, mutual funds, financial institutions, insurance companies, pension funds, individuals or otherwise, whether shareholders of the Bank or not, through a public issue, preferential issue and / or private placement, with or without an over-allotment option, with or without reservation on firm and / or competitive basis of such part of the issue for such person or categories of persons as may be permitted and / or Qualified Institutions Placement (QIP) listed on any Stock Exchange inside India, through an offer document and / or prospectus and / or offer letter and / or placement document and / or information memorandum and / or any other offering document(s) as the Board may in its sole discretion at any time or times hereafter decide, at such price or prices in such manner and where necessary in consultation with the lead managers and / or underwriters and / or other advisors or otherwise on such terms and conditions as the Board may, in its absolute discretion, decide in terms of the ICDR Regulations, Regulations and any and all other applicable laws, rules, regulations and guidelines whether or not such investor (s) are existing members of the Bank, at a price not less than the price as determined in accordance with relevant provisions of ICDR Regulations. |
| 30-Jan-10 |
| UCO Bank has informed BSE that a meeting of the Board of Directors of the Bank will be held on January 30, 2010, inter alia, to decide / resolve / pass resolution by circulation on the proposal for raising 6 crore equity shares of face value of Rs. 10/- each at a suitable premium either through FPO (for which Government of India's approval received) or through QIP (subject to Government of India's approval) and to convene an Extra-ordinary General Meeting (EGM) of the shareholders to approve the proposal for raising 6 (six) crore equity shares either through FPO (for which Government of India's approval received) or through QIP (subject to Government of India's approval). |
| 12-Mar-08 |
| UCO Bank has informed BSE that an Extra Ordinary General Meeting (EGM) of the shareholders of the Bank will be held on March 12, 2008, for election of two Directors amongst the shareholders (other than the Central Government). The Specified Date for determining the shareholder's eligibility to attend the meeting and participate in the voting (if necessary) for election of the two Directors has been fixed on February 13, 2008.
UCO Bank has informed BSE that the shareholders at the Extra Ordinary General Meeting (EGM) of the Bank held on March 12, 2008, have elected the following two shareholders on the Board as per Section 9(3)(i) of The Banking Companies (Acquisition and Transfer of Undertakings) Act 1970:
1. Shri. Ram Niwas Jain
2. Shri. Suresh Chand Gupta
Further the Bank has informed that, their tenure of directorship is for three years and it would expire on March 12, 2011.
(As per BSE Announcement Website dated on 13/03/2008)
UCO Bank has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Bank held on March 12, 2008, inter alia, have accorded the Board to create, offer, issue and allot perpetual Non-Cumulative Preference Shares (PNCPs) upto Rs 625,00,00,000/- (Rupees Six Hundred Twenty Five Crores only) in one or more tranches by way of public issue and / or on private placement basis and / or by any other permitted mode or any combination, of the aforesaid to persons like Central Government, State Government (s), individuals, Companies, FIIs, Financial Institutions, Banks, Qualified Institutional Buyers, Employees, Employees' Trust(s) or other investors, whether resident in India or not and whether a shareholder of the Bank or not or any combination of the above may be deemed appropriate by the Bank, subject to necessary provisions & approvals.
(As per BSE Announcement Website dated on 10.04.2008) |