Corporate Press Release Hexaware celebrates 20th anniversary Announces liberal bonus share iss...
Corporate Press ReleaseAbout HexawareHexaware is a leading global provider of IT & BPO services and consulting. The Compan...
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Hexaware celebrates 20th anniversary Announces liberal bonus share issue of 1:1 and Declares special interim dividend of 50%

Hexaware celebrates 20th anniversary Announces liberal bonus share issue of 1:1 and Declares special interim dividend of 50%
Published on: Mar 4, 2016
Published in: Economy & Finance      Business      
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Transcripts - Hexaware celebrates 20th anniversary Announces liberal bonus share issue of 1:1 and Declares special interim dividend of 50%

  • 1. Corporate Press Release Hexaware celebrates 20th anniversary Announces liberal bonus share issue of 1:1 and Declares special interim dividend of 50%  Established in 1990, Hexaware successfully completed 20 years recently  80,000+ shareholders as on dateMumbai – January 11, 2011: Hexaware Technologies Limited, a leading global provider ofIT, BPO and consulting services, today announced in its board meeting special rewards to itsshareholders in the form of 1:1 bonus share issue and 50% special interim dividend tocelebrate the 20th anniversary of the company.Speaking on this occasion, Atul Nishar, Chairman, Hexaware Technologies Limited, said“The bonus issue is to reward shareholders on completion of 20 years. The bonus is morerelevant as we are quite positive about growth and margin expansion going forward, whichallows us to offer a consistent stream of healthy dividend outflows even on an expandedshare capital base.”Issuance of Bonus SharesOn the 20th anniversary of the Company, the Board of Directors today recommended acommemorative issue of Bonus shares to equity shareholders in the ratio of 1:1, i.e. oneadditional equity share for every existing equity share, by capitalizing a part of the generalreserves. This issue is subject to shareholders’ approval at the Extra-ordinary General Meetscheduled for 15th February 2011. Bonus shares shall be credited on or before March 9,2011.The paid-up equity share capital of the Company was ` 290 million and the Reserves andSurplus were approximately ` 9,351 million as at September 30, 2010. The Companysissued equity shares were 145,200,980 including 10,645,480 American Depository Receiptsand Global Depository Receipts representing 10,645,480 underlying equity shares.Consequent to the proposed issuance of bonus shares, the companys issued equity shareswould increase to 290,401,960 and the equity share capital would expand to ` 580 million.Special Interim DividendTo mark the 20th anniversary, the Board of Directors also declared a special interim dividendof ` 1 per share (50%) on equity shares of ` 2 each. The Record Date for the same hasbeen fixed as 21st January, 2011 for determining the shareholders entitled for this SpecialInterim dividend. Special Interim Dividend shall be paid to the shareholders on or beforeJanuary 28, 2011.The Company had earlier paid 30% interim dividend after announcing half-yearly results forthe period ending June 30, 2010 and the Company is scheduled to announce final dividendwhile reporting full-year 2010 results.For immediate release 1 www.hexaware.com
  • 2. Corporate Press ReleaseAbout HexawareHexaware is a leading global provider of IT & BPO services and consulting. The Companyfocuses on key domains such as Banking, Financial Services, Insurance, Travel,Transportation, Hospitality, Logistics, Life Sciences and Healthcare. Our businessphilosophy, “Your Success is Our Focus”, is demonstrated through the success we ensure forour clients. Hexaware focuses on delivering business results and leveraging technologysolutions by specializing in Business Intelligence & Analytics, Enterprise Applications, QualityAssurance and Testing, Remote Infrastructure Management Services and LegacyModernization. Founded in 1990, Hexaware has a well-established global delivery modelarmed with proven proprietary tools and methodologies, skilled human capital and SEICMMI-Level 5 certification. For additional information logon to www.hexaware.comSafe Harbour StatementCertain statements on this press note concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could causeactual results to differ materially from those in such forward-looking statements. The risksand uncertainties relating to these statements include, but are not limited to, risks anduncertainties regarding fluctuations in earnings, our ability to manage growth, intensecompetition in IT services including those factors which may affect our cost advantage,wage increases in India, our ability to attract and retain highly skilled professionals, timeand cost overruns on fixed-price, fixed-time frame contracts, client concentration,restrictions on immigration, our ability to manage our international operations, reduceddemand for technology in our key focus areas, disruptions in telecommunication networks,our ability to successfully complete and integrate potential acquisitions, liability for damageson our service contracts, the success of the companies in which Hexaware has madestrategic investments, withdrawal of governmental fiscal incentives, political instability, legalrestrictions on raising capital or acquiring companies outside India, and unauthorized use ofour intellectual property and general economic conditions affecting our industry.For more information contact: Issued on behalf of Hexaware Technologies by:Safa Shah Sushmita SarkarHexaware Technologies Limited Adfactors PR Private LimitedTel: +91 (22) 6654 2682 / 83 Tel: +91 98206 61186Fax: +91 (22) 2287 2939e-mail: safas@hexaware.com e-mail: sushmita.sarkar@adfactorspr.comFor immediate release 2 www.hexaware.com

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