AGM Statement

8 Jun 2006 13:48

UTI Bank Limited08 June 2006 UTB/PJO/AHD/173/2006-07 June 2, 2006 Fax Massage ASE - 079-26308877 Ahmedabad Stock Exchange Ltd. BSE - 022-22723121/22722037 Kamdhenu Complex NSE - 022-26598237/38 Nr. Panjara Pole NSDL - 022-24972993 Ambawadi OTC - 022-22188012 Ahmedabad - 380 015 CDSL - 022-22723199 Dear Sir, Kind Attn : Shri K. K. Mishra - Sr. General Manager (CS) SUB : 12TH ANNUAL GENERAL MEETING HELD ON 02/06/2006 - UTI BANK We are pleased to inform that at the 12th Annual General Meeting of theshareholders of the Bank held today, the shareholders of the Bank have approvedpayment of dividend at 35% (i.e. Rs. 3.50 per equity share). The DividendWarrants have been dated and will be payable from June 3, 2006. Further, the shareholders of the Bank have also approved a resolution pursuantto section 81 and all other applicable provisions of the Companies Act, 1956authorising the Board of Directors of the Bank to issue, offer and allotadditional equity stock options convertible into Equity Shares of the aggregatenominal face value not exceeding Rs. 4,80,00,000 (Rupees Four Crores Eighty lacsOnly) to the present and future employees and Directors of the Bank under anemployee stock option plan. Further, the shareholders of the Bank have also passed a resolution pursuant tosection 293 (1) (d) and all other applicable provisions of the Companies Act,1956, according approval to the borrowings by the Board of Directors of the Bankup to Rs. 20,000 crores from time to time. You are requested to take the above on record. Yours faithfully, Sd/- P. J. Oza Company Secretary C.C. to : Shri S. Golecha, General Manager, Bombay Stock Exchange Ltd. Shri Hari K, AVP, Listing Department, National Stock Exchange of India Limited Shri S. Gopalan, VP, NSDL, Mumbai Shri Ramkumar, Central Depository Services (India) Ltd., Mumbai Shri Steven Pereira, Manager - Listing, OTC Exchange of India The Listing Department - London Stock Exchange, UK This information is provided by RNS The company news service from the London Stock Exchange