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Mercator share news and announcements
1,721 announcements, routine notices left out, newest first. Page 34 of 35.
May 2008
14 May · Allotment of Equity Shares
Board of Directors of the Company at it meeting held on May 14, 2008, has interalia; approved the following: 1) Allotment of 7,31,124 equity shares Re.1/- each in lieu of surrender of Foreign Currency Convertible Bonds (FCCBs) aggregating USD 1,000,000/- from bond holders; at a conversion price of Rs. 59/812. Consequently, the paid up capital of the Company has increased to 23,59,92,073 equity shares of Re.1/- each. With this conversion now there are 700 FCCB's outstanding of aggregate amount of USD 7,000,000/-14 May · Dividend
Board of Directors of the Company at its meeting held on May 14, 2008 has recommended dividend @110% i.e. Rs. Rs.1.10/- per share on Equity Shares of Re.1/- each for the financial year ended on March 31, 2008.9 May · Updates
An announcement in respect of financial statements for the year ended March 31, 2008, submitted by company's subsidiary, Mercator Lines (Singapore) Ltd. to Singapore Stock Exchange. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.7 May · News Release
News release, submitted by their subsidiary, Mercator Lines (Singapore) Ltd. to Singapore Stock Exchange, dated May 07, 2008, titled "Mercator reports Three-Fold Jump in FY2008 Net Profit to US$52.2 Million, Supported by growing fleet and buoyant dry bulk shipping demand". A copy of the news release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.6 May · Board meeting
Interalia, to consider & approve, annual accounts of the Company for the year ended March 31, 2008 and recommendation of dividend on Share Capital of the Company for the financial year 2007-08, if any.
Apr 2008
30 Apr · Allotment of Equity Shares
Vide its letter dated April 29, 2008 that : "The committee of Board of Directors of the Company in its meeting held today, interalia has approved allotment of 3,65,562 equity shares of Re. 1/- each in lieu of surrender of Foreign Currency Convertible Bonds (FCCB's) aggregating USD 500,000/- from bond holders; at a conversion price of Rs. 59/812. Consequently, the paid up capital of the company has increased to 23,52,60,949 equity shares of Re.1/- each. With this conversion, now there are 800 FCCB's Outstanding of aggregate amount of USD 8,000,000/-".24 Apr · Updates
Copy of announcemet and news release both dated April 22, 2008 titled "Acquisition of Vessel - MV 'YK Taurus' and "Mercator Lines Acquires Second Geared Panamax vessel Since Listing". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.8 Apr · Updates
An announcement submitted by company's subsidiary, Mercator Lines (Singapore) Ltd. to Singapore Stock Exchange. A copy of the announcement dated April 08, 2008, titled "New Time Charter-IN of Vessel" shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.8 Apr · Results
The Company will publish Audited result for the year ended on 31st March 2008 within a period of 3 months from the end of the last quarter. Hence, the company will not be publishing unaudited results for the last quarter of the financial year 2007-081 Apr · Updates
An announcement submitted by company's subsidiary, Mercator Lines (Singapore) Ltd. to Singapore Stock Exchange. A copy of the announcement dated April 01, 2008, titled "Acquisition of Vessel - MV "YK TITAN"" shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Mar 2008
31 Mar · Allotment of Equity Shares
Vide its letter dated March 31, 2008 that "The Committee of Board of Directors of the Company in its meeting held today, interalia, has approved allotment 10,96,686 equity shares of Re.1/- each in lieu of surrender of Foreign Currency Convertible Bonds (FCCB's) aggregating USD 1,500,000/- from bond holders; at a conversion price of Rs.59.812. Consequently, the paid up capital of the company has increased to 23,48,95,387 equity shares of Re.1/- each. With this conversion now there are 850 FCCB's outstanding of aggregating amount of USD 8,500,000/-."25 Mar · Updates
An announcement submitted by company's subsidiary, Mercator Lines (Singapore) Ltd. to Singapore Stock Exchange. A copy of the announcement dated March 25, 2008, titled "New Time Charter-Out of Vessel" shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.25 Mar · Rating
Credit Analysis & Research Ltd. (CARE) has reaffirmed 'CARE AA' (Double A) rating to all the outstanding secured redeemable Non Convertible Debentures (NCDs) issued by the Company as well as granted 'CARE AA' (Double A) rating to the long term borrowings of the company. CARE has also assigned 'PR1+' (PR One Plus) rating to the short term proposed facilities of the Company13 Mar · Board meeting
Board of Directors of the Company in its meeting held on March 13,2008, interalia, have declared dividend @ Rs. 8/- per share on 8% Redeemable Cumulative Preference Shares of Rs. 100/- each for the financial year ending 31st March, 2008. The dividend shall be paid pro-rata upto 17th March 2008 ( being the date of final maturity of Preference Shares) to those members/deemed members whose name appeared in the Register of members/statement of beneficial ownership furnished by depositories at the end of business hours on March 12,2008.5 Mar · Board meeting
Interalia to consider, approve and declare dividend on 8% - 40,00,000 Cumulative Redeemable Preference shares of Rs. 100/- each for the financial year ending on March 31, 2008, and full and final redemption of the said preference shares on maturity.
Feb 2008
22 Feb · Sale
Mercator Lines Limited has informed vide its letter dated February 22, 2008 that "The Company has today sold and delivered one of its 1986 built Aframax Tanker of DWT 100488".11 Feb · Updates
A 'Corporate Presentation' of the Company. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.6 Feb · Delisting of shares
The Equity Shares of the Company have been de-listed from Ahmedabad Stock Exchange Ltd. w.e.f. 5th February, 20082 Feb · Management
Ms. Supriya Joshi has resigned from the O/o Dy. Company Secretary & Compliance Officer w.e.f. 29th January 2008.
Jan 2008
29 Jan · Business
Mercator Lines Limited one of India's leading shipping companies has performed well during the third quarter ended December 07 (Q3) of the FY 2007-08. The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.28 Jan · Board meeting
Vide its letter dated January 28, 2008, that: "The Board of Directors of the Company in their meeting held today have approved following unanimously : i) further issue of capital by way of FCCBs / GDR / ADR / QIB in international / Indian market not exceeding USD 300 millions; ii) increase in authorized share capital by Rs. 15 Crores and consequential amendments to capital clauses of Memorandum and Articles of Association; iii) increase in borrowing power of the Board of Directors of the Company upto Rs. 10000 Crores; iv) increase in the limit of investment by FIIs upto 74% of the paid-up capital of the Company; and v) Investments into Mercator Oil & Gas Ltd and Mercator Petroleum Pvt. Ltd. as Company's wholly owned subsidiaries".22 Jan · Allotment of Equity Shares
Vide its letter dated January 21, 2008, that: "The committee of Board of Directors of the Company in its meeting held today, interalia, has approved allotment of 36,04,441 equity shares of Re.1 /- each in lieu of surrender of Foreign Currency Convertible Bonds (FCCB's) aggregating USD 4,930,000/- from bond holders at a conversion price of Rs.59/812. Consequently, the paid up capital of the company has increased to 23,37,98,701 equity shares of Re.1/- each. With this conversion, now there are 1000 FCCB's outstanding of aggregate amount of USD 10,000,000/-".18 Jan · Board meeting
Interalia, to consider and approve (i) unaudited financial results for the quarter/period ended on December 31, 2007; (ii) further issue of capital and/or any other securities in international / Indian market; (iii) increase in authorized share capital and consequential amendments to capital clauses of Memorandum and Articles of Association; (iv) increase in borrowing power of the Company; and (v) increase in the limit of investment by FIIs in the Company.9 Jan · Business
Vide its letter dated January 08,2008 that "The Company has today acquired a 2007 built vessel (Dredger). This is third in its fleet".
Dec 2007
24 Dec · Allotment of Equity Shares
Vide its letter dated December 21, 2007, that: "The committee of Board of Directors of the Company in its meeting held today, interalia, has approved allotment of 58,48,992 equity shares of Re.l /- each in lieu of surrender of Foreign Currency Convertible Bonds (FCCB's) aggregating USD 8,000,000/- from bond holders at a conversion price of Rs.59/812. Consequently, the paid up capital of the company has increased to 23,01,94,260 equity shares of Re.1/- each. With this conversion, now there are 1493 FCCB's outstanding of aggregate amount of USD 14,930,000/-".14 Dec · Updates
"The formalities of the Initial Public Offering (IPO) have been completd by Mercator Lines (Singapore) Limited ("the Company") and the shares of the Company have been listed on the main board of Singapore Stock Exchange, Singapore with effect from December 14, 2007.11 Dec · Updates
Mercator Lines (Singapore) Limited has allocated 270,191,126 Ordinary Shares at a price of S$0.76 per share for its initial public offering and further allocated 74,114,035 Ordinary Shares to the holders of Series A Convertible Bonds in consultation with the joint book runners of the IPO. The gross proceeds from the above issue to Mercator Lines (Singapore) Limited aggregates to USD 181.8 million, including USD 39 Million from ordinary shares allocated to Bondholders upon exercise of right to convert Series A, Convertible Bonds (USD 35 Million Principal amount along with accreted interest amount). Upon allotment of above ordinary shares, the shareholding pattern of Mercator Lines (Singapore) Limited will be as under: (1) Particulars :- Mercator International Pte. Ltd. (100% subsidiary of Mercator Lines Limited); No. of Shares : 900,850,000; % Holding : 72.35%. (2) Particulars :- Public (IPO investors); No. of Shares : 270,191,126; % Holding : 21.70%. (3) Particulars :- Series A Convertible Bond Holders; No. of Shares : 74,114,035; % Holding : 5.95%. Total; No. of Shares : 1,245,155,161; % Holding : 100.0%. The ordinary shares of Mercator Lines (Singapore) Limited are scheduled to be listed on 14th December 2007 on the main board of Singapore Stock Exchange, Singapore7 Dec · Miscellaneous
Vide its letter dated December 06, 2007 that "Further to our letter dated 30th October 2007, we have to inform you that our Singapore based subsidiary viz. Mercator Lines (Singapore) Ltd. has today registered with Monetary Authority of Singapore (MAS) a prospectus with respect to its IPO of 270,191,126 shares by way of an international offering to investors, including institutional and other investors in Singapore and an offering to the public in Singapore including Shares reserved for the directors, management, employees and business associates. Further, pursuant to exercise of rights by existing bond holders of Series 'A' Bonds aggregating US$ 35.0 million for conversion of such Bonds into new shares; the subsidiary is also issuing a minimum of 59,921,986 new Shares to the said bond holders separate from above offering. The maximum offering price for each Offering Share will be S$0.94. The subsidiary proposes to price the offering at the close of trade on 11th December 2007. The Shares will be listed on main board of Singapore Stock Exchange".
Nov 2007
19 Nov · Allotment of Equity Shares
Vide its letter dated November 19, 2007, that: "The committee of Board of Directors of the Company in its meeting held today, interalia, has approved allotment of 1,462,248 equity shares of Re.l /- each in lieu of surrender of Foreign Currency Convertible Bonds (FCCB's) aggregating USD 2,000,000/- from a bond holder at a conversion price of Rs.59/812. Consequently, the paid up capital of the company has increased to 22,43,45,268 equity shares of Re.1/- each. With this conversion, now there are 2293 FCCB's outstanding of aggregate amount of USD 22,930,000/-".6 Nov · Meeting
Minutes of the Extra-Ordinary General Meeting of the members of the Company held on October 11, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.6 Nov · Allotment
Vide its letter dated November 05, 2007 that "The committee of Board of Directors of the Company in its meeting held today, interalia, has approved allotment of 13,525,794 equity shares of Re.1/- each in lieu of surrender of Foreign Currency Convertible Bonds (FCCB's) aggregating USD 18,500,000/- from bond holders at a conversion price of Rs.59/812. Consequently, the paid up capital of the company has increased to 22,28,83,022 equity shares of Re.1/- each. With this conversion, now there are 2493 FCCB's outstanding of aggregate amount of USD 24,930,000/-".
Oct 2007
30 Oct · Miscellaneous
One of our subsidiary 'Mercator Lines (Singapore) Pte. Ltd' proposes to issue fresh ordinary shares by way of Initial Public Offer (IPO) and list the shares on Singapore Stock Exchange. The said subsidiary is being converted into Public Ltd. Company and consequently changing its name to 'Mercator Lines (Singapore) Ltd' ("MLSL"). The subsidiary has strengthened its Board by appointing four additional Directors Mr H.K. Mittal, Mr. Atul J. Agarwal, Mr. John Walter Sinders Jr., and Mr. Huang Yuan Chiang. MLSL has received approval of Eligibility to List (ETL) from the Singapore Stock Exchange to list the shares and has also filed the prospectus with Monitory Authority of Singapore (MAS). Our Company through another wholly owned subsidiary in Singapore, Mercator International Pte. Limited has subscribed to ordinary shares of MLSL for aggregate amount of USD 30 million. Further, our company has also entered into relevant agreements including limited scope Non-competition Agreement with said subsidiary.25 Oct · Allotment of shares/ warrants
Vide its letter dated October 25, 2007 that : "The committee of Board of Directors of the Company in its meeting held today, interalia, has approved allotment of following securities : 1) 12,114,728 equity shares of Re. 1/- each in lieu of surrender of Foreign Currency Convertible Bonds (FCCB's) aggregating USD 16,570,000/- from bond holders at a conversion price of Rs. 59/812. Consequently, the paid up capital of the company has increased to 20,93,57,226 equity shares of Re. 1/- each. With this conversion, now there are 4343 FCCB's outstanding of aggregate amount of USD 43,430,000/-. 2) 2,85,00,000 warrants of face value of Rs. 5/85 per warrant to the promoter Mrs. Archana Harish Kumar Mittal carrying option to apply for equivalent number of equity shares at a price of Rs. 58/50 per share at a future date not exceeding 18 months pursuant to the special resolution passed by the shareholders of the company in their Extra-Ordinary General Meeting held on 11th October 2007 in accordance with SEBI Guidelines on preferential issue."18 Oct · Meeting
Minutes of Annual General Meeting of the members of the Company held on September 26, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.15 Oct · Board meeting
Meeting on 24 Oct 2007: “Unaudited Results for Qtr & Half year ended Sep 30, 2007”11 Oct · Meeting
Vide its letter dated October 11, 2007 that: "The members of the Company in the Extra-Ordinary General Meeting held today; have unanimously approved; Issue of upto 2,85,00,000 warrants carrying entitlement /option to apply for equal number of equity shares on preferential basis to Mrs. Archana Harish Kumar Mittal, the promoter of the Company, in accordance with SEBI Guidelines for preferential issue."
Sep 2007
26 Sep · Meeting
Outcome of the Annual General Meeting held on September 26, 2007 and of the Chairman's Speech delivered at the said Annual General Meeting. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.24 Sep · Miscellaneous
Vide its letter dated September 20, 2007 that the Company has today acquired a 2006 built vessel (Dredger). This is second in its fleet.18 Sep · Meeting
Notice convening Extra-Ordinary General Meeting of the Company on October 11, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.14 Sep · Meeting
Annual General Meeting of the Company is scheduled to be held on September 26, 2007.14 Sep · Issue of Warrants
Vide their letter dated September 13, 2007, that: "The Board of Directors of the Company at its meeting held today, has interalia; approved the following: 1) Issue of up to 2,85,00,000 warrants carrying entitlement/option to apply for equal number of equity shares on preferential basis to Mrs. Archana H. Mittal, Promoter of the Company; in accordance with SEBI Guidelines for preferential issue. 2) Convening of Extra-Ordinary General Meeting of the Members of the Company on 11th October 2007, to seek approval of the members for the above matter".
Aug 2007
20 Aug · Corporate action
Company has announced Book Closure from September 14, 2007 to September 26, 2007 for the purpose of Annual Closure and for deciding entitlement for payment of Dividend @ 100% on paid-up share capital for the financial year ended on March 31, 2007 recommended at the Board Meeting held on June 29, 2007.10 Aug · Disclosure
Details of shareholding of Mr.Nitin Kolhatkar ; officer of the Company, in prescribed format.The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.9 Aug · Miscellaneous
August 08, 2007 that: "the Company has today acquired a 2006 built vessel (Dredger)".
Jul 2007
30 Jul · Business
Board of Directors of the Company at its meeting held on July 30, 2007 approved the following: (1)Allotment of 32,00,000 Equity Shares of Re.1/ each for cash at a price of Rs.137/50 per share (Inclusive of premium of Rs.136/50 per share) to AHM Investments Pvt. Ltd.; the Promoter's Group Company, in lieu of exercise of option attached to the Warrant issued to them in accordance with special resolutions passed by the shareholders of the Company in their Extra-Ordinary General Meeting held on January 17, 2006 and SEBI Guidelines on preferential Issue, and also the allotment of 48,00,000 Bonus Shares kept in abeyance out of the Bonus Issue of February 02, 2006. (2)Appointment of Mr.K.R. Bharat as an Additional Director of the Company. Further the Company has submitted a copy of press release dated July 30, 2007, titled "Mercator Lines Net Rises For Q1 Ended June 2007". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.26 Jul · Miscellaneous
Mercator Lines Limited had informed the Exchange regarding execution of MOA by their Singapore based subsidiary for acquisition of 4 nos. dry bulk vessels of about 305,000 in aggregate. The Company has now informed the Exchange that: "Said subsidiary Mercator Lines (Singapore) Pte. Ltd. has taken delivery of new built panamax vessel of 74,456 DWT. With this the Subsidiary has concluded its acquisition of above mentioned four vessels successfully. All the vessels have been deployed gainfully since their respective acquisitions".23 Jul · Board meeting
Meeting on 30 Jul 2007: “Unaudited financial results for quarter ended June 30, 2007”18 Jul · Miscellaneous
Mercator Lines Limited had informed the Exchange regarding execution of MOA through their Singapore based subsidiary for acquisition of 2 nos. dry bulk vessels of about DWT 84,000 each. The Company has now informed the Exchange that: "Said subsidiary Mercator Lines (Singapore) Pte. Ltd. has taken delivery of the 2nd 2006 built kamsarmax vessel of 82,273 DWT".3 Jul · Miscellaneous
Mercator Lines Limited had informed the Exchange regarding execution of MOA by the Company's Singapore based subsidiary for acquisition of 4 nos. dry bulk vessels of about 305,000 in aggregate. Further the Company has now informed that said subsidiary Mercator Lines (Singapore) Pte. Ltd. has taken delivery of one of such 2006 built panamex vessel of 74,444 DWT.2 Jul · Business
Press release titled "Mercator Lines reports higher Income for Y.E. March 2007; Recommends 100% Dividend". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.