ABG Infralogistics Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 21, 2008, inter alia, have passed the following resolutions:
1. APPROVAL OF ISSUE OF FCCBs / ADRs / GDRs / OTHER SECURITIES:
The members considered and approved to create, offer, issue and allot Foreign Currency Convertible Bonds (FCCBs) and / or Global Depository Receipts (GDRs) and / or American Depository Receipts (ADRs) convertible into Equity Shares at the option of the Company and / or holders of the Security subscribed to in Foreign Currency(ies) by Non Resident Investors and / or to create, place and allot Equity Shares / fully convertible debentures (FCDs) / Partly Convertible Debentures (PCDs) or any securities other than warrants, which are convertible into or exchangeable with Equity Shares at a later date, subscribed to in Indian Rupees by Qualified Institutional Buyers pursuant to and in accordance with Chapter XIIIA of the SEBI (Disclosure and Investor Protection) Guidelines, 2000 aggregating for a sum not exceeding USD 50 Million (United States Dollars Fifty Million only).
2. APPROVAL OF ISSUE OF CONVERTIBLE WARRANTS TO THE PROMOTERS:
The members considered and approved to offer, issue and allot in one or more trenches, on preferential basis, not exceeding 12,50,000 warrants carrying an option / entitlement to subscribe to equivalent number of Equity Shares on a future date, not exceeding 18 (Eighteen) months front the date of issue of such warrants, to the promoters at a price not less than Rs 530.69 per warrant.
1. APPROVAL OF ISSUE OF FCCBs / ADRs / GDRs / OTHER SECURITIES:
The members considered and approved to create, offer, issue and allot Foreign Currency Convertible Bonds (FCCBs) and / or Global Depository Receipts (GDRs) and / or American Depository Receipts (ADRs) convertible into Equity Shares at the option of the Company and / or holders of the Security subscribed to in Foreign Currency(ies) by Non Resident Investors and / or to create, place and allot Equity Shares / fully convertible debentures (FCDs) / Partly Convertible Debentures (PCDs) or any securities other than warrants, which are convertible into or exchangeable with Equity Shares at a later date, subscribed to in Indian Rupees by Qualified Institutional Buyers pursuant to and in accordance with Chapter XIIIA of the SEBI (Disclosure and Investor Protection) Guidelines, 2000 aggregating for a sum not exceeding USD 50 Million (United States Dollars Fifty Million only).
2. APPROVAL OF ISSUE OF CONVERTIBLE WARRANTS TO THE PROMOTERS:
The members considered and approved to offer, issue and allot in one or more trenches, on preferential basis, not exceeding 12,50,000 warrants carrying an option / entitlement to subscribe to equivalent number of Equity Shares on a future date, not exceeding 18 (Eighteen) months front the date of issue of such warrants, to the promoters at a price not less than Rs 530.69 per warrant.
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