ABG Shipyard allots Compulsorily Convertible Preference Shares

Under CDR scheme

ABG Shipyard announced that the Securities issue Committee of the Board of Directors of the Company at its meeting held on 31 December 2014, has approved the allotment of 44454629 (Four Crore Forty Four Lac Fifty Four Thousand Six Hundred and Twenty Nine) 0.01 Compulsorily Convertible Preference Shares Rs. 10/- (Rupees Ten Only) each at Par value to the CDR Lenders as per CDR Package on preferential basis under Chapter VII - Preferential Issue" of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 ("ICDR Regulations).

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