Midland Polymers Ltd — Important, 01-01-1970: Company Update

Navigant Corporate Advisors announced an open offer to acquire up to 97.50 lakh equity shares of Midland Polymers Limited, representing 26.00% of its expanded capital. The offer price is Rs. 10 per share, payable in cash. Midland Polymers' Independent Directors viewed the offer price as justified. There have been no competing bids. The Letter of Offer has been dispatched to shareholders. The offer is now scheduled to open on June 3 and will close on June 16, with payment for acquired shares expected by July 1. Shareholders can participate by tendering shares through their brokers.