Decisions taken at Board Meet

4 Jun 2007 07:00

UTI Bank Limited01 June 2007 UTB/PJO/CO/067/2007-08June 1, 2007 The Senior General Manager (Listing)The Ahmedabad Stock Exchange LimitedKamdhenu Complex, Panjara PoleAhmedabad Attn : Shri K. K. Mishra The General Manager (Listing) National Stock Exchange of India LimitedExchange Plaza, 5th FloorPlot No. C/1, "G" BlockBandra-Kurla ComplexBandra (E), Mumbai - 400 051 Attn : Shri Hari K. The General Manager (Listing)The Bombay Stock Exchange Limited1st Floor, New Trading Ring, Rotunda BuildingP. J. Towers, Dalal StreetFort, Mumbai - 400 001 Attn : Shri Sanjiv Kapur Sub : UTI Bank Limited - Decisions taken at Board Meeting held on1st June, 2007 At the meeting of the Board of Directors of the Bank held today, the followingdecisions were taken : 1. To raise Tier-I capital of the Bank by way of issue of equity sharesnot exceeding 4,23,97,400 equity shares and/or equity shares through depositaryreceipts and/or securities convertible into equity shares at the option of theholder(s) of such securities, and/or securities linked to equity shares and/orany instruments or securities representing either equity shares and/orconvertible securities linked to equity shares. 2. To offer to the Promoters to subscribe 3,19,25,561 shares onpreferential basis if they so desire. 3. To increase the authorised share capital of the Bank from Rs. 300crores to Rs. 500 crores. 4. To alter the Memorandum and Articles of Association of the Bank to giveeffect to the increase in the authorised share capital. 5. To convene an Extraordinary General Meeting of the shareholders of theBank on 25th June, 2007 at Mumbai for the above purpose. You are requested to take the above on record and inform your members suitably. Yours faithfully, P. J. OzaCompany Secretary &Vice President (Law) C.C. to : Shri Chandrashekhar Tilak, Vice President, NSDL, Mumbai Shri Krishnamurthy Iyer, Assistant Vice President, CDSL, Mumbai This information is provided by RNS The company news service from the London Stock Exchange