Zee Entertainment Enterprises Ltd has informed that March 31, 2014 has been fixed as Record date for determining the eligibility of Preference Shareholders who would be entitled to prorata payment of Dividend at 6% per annum for the period from the date of allotment i.e. March 06, 2014 till March 31, 2014.
Zee Entertainment Enterprises Ltd has informed BSE that as per the Scheme of Arrangement approved by Hon'ble Bombay High Court vide order passed on December 20, 2013 and the terms of '6% Cumulative Redeemable Non-Convertible Preference Shares of Re. 1 each' issued by the Company as Bonus on March 06, 2014, the said Preference Shares shall be entitled to pro rata Dividend @ 6% per annum for each financial year. Preference Dividend for the Financial Year ending on March 31, 2014 shall be paid on April 15, 2014 to the shareholders holding Preference Shares as at March 31, 2014.Accordingly, March 31, 2014 has been fixed as Record date for determining the eligibility of Preference Shareholders who would be entitled to prorata payment of Dividend @ 6% per annum for the period from the date of allotment i.e. March 06, 2014 till March 31, 2014 (both days inclusive).Source : BSE
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