Syndicate Bank - Outcome Of AGM

Syndicate Bank has informed that the members at the 8th Annual General Meeting (AGM) of the Bank held on June 21, 2007, inter alia, have accorded to the following:1. Adoption of the Balance Sheet of the Bank as at March 31, 2007, Profit and Loss Account of the Bank for the year ended March 31, 2007, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the accounts and Auditors Report on the Balance Sheet and accounts.2. Declaration of Final Dividend of 13% for the year 2006-07 in addition to the Interim Dividend of 15% declared and paid for the year, aggregating to a total dividend of 28%.3. Authority to the Board to issue and allot such number of equity shares of Rs 10/- each end in any case not exceeding 8,00,00,000 and aggregating to not more than Rs 80,00,00,000 to persons like individuals, Companies, FIIs, Financial Institutions, Banks, Qualified Institutional Buyers, Employees, Employees Trust(s) or other investors, or not and whether or not shareholders of the Bank or any combination of the above as may be deemed appropriate by the Bank, subject to necessary provisions & approvals.