Chennai, May 22, 2017: Sify Technologies Limited (NASDAQ NM: SIFY), a leader in Managed Enterprise, Network, IT and Software services in India with global delivery capabilities, announced its Dividend payout to all holders of Equity and American Depository Shares of the company.
Further to the adoption of the financial statements for FY 2016-17 under India GAAP (Ind AS), the Board of Directors had recommended a dividend of 12% on the Equity Shares and American Depository Shares. The quantum of dividend per ADS shall be equivalent to INR 1.20 (INR ONE AND PAISE TWENTY) per ADS.
This is subject to the approval of the shareholders to be sought at the Annual General Meeting scheduled on July 6, 2017.
Dividend will be paid to those shareholders whose names appear in the Register of Members of the company (for India) and Citibank Depository Register (for ADRs) on the Record Date, June 6, 2017. The payment will be disbursed on or before July 12, 2017.
It may be recalled that Sify had on April 25, 2017 announced their unaudited results under IFRS for the financial year ended March 2017.
About Sify Technologies
Across 1400 cities in India, more than 9000 Enterprises access Sify’s IT services that’s focused on the Data Center and Cloud platform and connected through a pan-India MPLS capable network. The services run the full gamut from Telecom connectivity services to Data Center transformation services along with Application and Security Services on the same infrastructure making it a truly converged ICT solutions and services provider in India.
Sify also builds products that interface with multiple services in the ICT space; either built inhouse or collaboratively with the best-of-breed solution providers.
Sify, Sify Technologies and www.sifycorp.com are registered trademarks of Sify Technologies Limited
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.
For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2016, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.
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