Vista Pharmaceuticals - EGM on Jul 07, 2007

Vista Pharmaceuticals Ltd has informed that an Extra Ordinary General Meeting (EGM) of members of the Company will be held on July 07, 2007, inter alia, to transact the following business:1. To increase the Authorised Share Capital of the Company from Rs 11,50,00,000/- divided in to 1,15,00,000 Equity Shares of Rs 10/- each to Rs 15,00,00,000/- divided in to 1,50,00,000 Equity Shares of Rs 10/- each and consequential amendments in the Memorandum & Articles of Association of the Company.2. To offer / issue and allot not more than 38,70,000 warrants convertible, at the option of the warrant holder(s) within an aggregate time period of 18 months from the date of allotment of the warrants, into 38,70,000 Equity Shares of Rs 10/- each, at a price as determined in accordance with the relevant SEBI Guidelines, to the Promoters Group in respect of the Company and Non-Promoters, on a preferential basis, as the Board may in its absolute discretion decide, in one or more trenches and on such terms and conditions, as the Board considers fit, subject to necessary provisions and approvals.Warrants to be issued to non-promoters shall qualify to be converted into equivalent No of equity shares of Rs 10/- each at a price as per SEBI guidelines, per share, in one or more trenches within 18 months from the date of allotment.