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Swan Energy Ltd.

BSE: 503310 Sector: Industrials
NSE: SWANENERGY ISIN Code: INE665A01038
BSE 00:00 | 16 Oct 103.15 -0.85
(-0.82%)
OPEN

104.35

HIGH

105.10

LOW

102.20

NSE 00:00 | 16 Oct 103.90 -0.60
(-0.57%)
OPEN

104.55

HIGH

105.60

LOW

102.35

Swan Energy Limited - Reply to Clarification Sought

September 13, 2019, 12:00 am | Source: NSE

Swan Energy Limitedted with respect to announcement dated 23-Aug-2019, regarding 'FSRU Project - Triumph Offshore Pvt Ltd'.? On basis of above the Company is required to clarify following: 1. Any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc; 2. In case of issuance of shares to the parties, details of issue price, class of shares issued; 3. Whether the transaction would fall within related party transactions? If yes, whether the same is done at arms length ; 4. Whether, the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship; 5. Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc.; 6. Shareholding, if any, in the entity with whom the agreement is executed; 7. Purpose of entering into the agreement; The response of the Company is attached.?