Infomedia India Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 10, 2008, inter alia, have accorded the following:
1. For offering, issuing and allotting on preferential basis, to such entities or person as may be decided by the Board of Directors of the Company (the Allottees) up to 60,00,000 (Sixty Lacs only) Equity Warrants (Equity Warrants), and for the allotment of Equity Shares on exercise of such Equity Warrants, where each such Equity Warrant being exercisable, at the option of the holder and pursuant thereto, would entitle the holder thereof for allotment of one fully paid up Equity Share of Rs 10/- (Rupees Ten Only) each, at an exercise price of Rs 237/- (Rupees two hundred and thirty seven only) per Equity Share (the Exercise Price including premium), such price being in compliance with the SEBI Guidelines for Preferential Issue (Chapter XIII of the SEBI (DIP) Guidelines 2000), (as on December 11, 2007 the Relevant Date for this purpose), on such further terms and conditions, as may be finalised by the Board of Directors, in accordance with guidelines / rules applicable to preferential allotment of the Equity Warrants / Equity Shares, by Government of India, Securities & Exchange Board of India (SEBI), or any other authorities, as the case may be, and / or any modification thereof and subject to necessary provisions & approvals.
1. For offering, issuing and allotting on preferential basis, to such entities or person as may be decided by the Board of Directors of the Company (the Allottees) up to 60,00,000 (Sixty Lacs only) Equity Warrants (Equity Warrants), and for the allotment of Equity Shares on exercise of such Equity Warrants, where each such Equity Warrant being exercisable, at the option of the holder and pursuant thereto, would entitle the holder thereof for allotment of one fully paid up Equity Share of Rs 10/- (Rupees Ten Only) each, at an exercise price of Rs 237/- (Rupees two hundred and thirty seven only) per Equity Share (the Exercise Price including premium), such price being in compliance with the SEBI Guidelines for Preferential Issue (Chapter XIII of the SEBI (DIP) Guidelines 2000), (as on December 11, 2007 the Relevant Date for this purpose), on such further terms and conditions, as may be finalised by the Board of Directors, in accordance with guidelines / rules applicable to preferential allotment of the Equity Warrants / Equity Shares, by Government of India, Securities & Exchange Board of India (SEBI), or any other authorities, as the case may be, and / or any modification thereof and subject to necessary provisions & approvals.
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