Ontrack Systems Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 26, 2008, inter alia, have transacted and approved the following:
1. Considered and passed, the issue of Global Depository Receipts (GDRs) / American Depository Receipts (ADRs) / Euro Convertible Bonds (ECBs) / Foreign Currency Convertible Bonds (FCCBs) / Secured Premium Notes (SPN) for an aggregate amount not exceeding USD 15 million (US Dollar Fifteen Million only).
2. Considered and passed / ratified, Preferential Allotment of 450000 equity shares of Rs 10/- each of Rs 56.25 per share for other than cash:
to Mr. Ganesh Natarajan one of the founder member of Intellisys Technology (Aust) Pty Ltd; Sydney, 1,10,540 equity shares and to Mr. Ramdevan V Krishnaswamy related directly / indirectly through interse arrangement among members of Intellisys Technology (Aust) Pty Ltd, 3,39,460 equity shares.
1. Considered and passed, the issue of Global Depository Receipts (GDRs) / American Depository Receipts (ADRs) / Euro Convertible Bonds (ECBs) / Foreign Currency Convertible Bonds (FCCBs) / Secured Premium Notes (SPN) for an aggregate amount not exceeding USD 15 million (US Dollar Fifteen Million only).
2. Considered and passed / ratified, Preferential Allotment of 450000 equity shares of Rs 10/- each of Rs 56.25 per share for other than cash:
to Mr. Ganesh Natarajan one of the founder member of Intellisys Technology (Aust) Pty Ltd; Sydney, 1,10,540 equity shares and to Mr. Ramdevan V Krishnaswamy related directly / indirectly through interse arrangement among members of Intellisys Technology (Aust) Pty Ltd, 3,39,460 equity shares.
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