Kemrock Industries & Exports Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 04, 2008, inter alia, have passed the following special resolutions:
1. Offer, issue and allotment, on a preferential basis, of not exceeding 4,60,000 Equity Shares of Rs 10/- each at a price of Rs 650/- per Equity Share (including premium of Rs 640/-) to M/s. RPM International Inc, USA; and
2. Offer, issue and allotment, on a preferential basis, of and upto 3,93,000 Warrants carrying two parts (i.e., 2,22,000 Warrants in Part-A; and 1,71,000 Warrants in Part-B), each warrant of the said two parts carrying a right, entitling the holder thereof to apply for and obtain one Equity Share of Rs 10/- each for cash at a price of Rs 650/- per share (including a premium of Rs 640/- per Share) to M/s. RPM International Inc., USA.
1. Offer, issue and allotment, on a preferential basis, of not exceeding 4,60,000 Equity Shares of Rs 10/- each at a price of Rs 650/- per Equity Share (including premium of Rs 640/-) to M/s. RPM International Inc, USA; and
2. Offer, issue and allotment, on a preferential basis, of and upto 3,93,000 Warrants carrying two parts (i.e., 2,22,000 Warrants in Part-A; and 1,71,000 Warrants in Part-B), each warrant of the said two parts carrying a right, entitling the holder thereof to apply for and obtain one Equity Share of Rs 10/- each for cash at a price of Rs 650/- per share (including a premium of Rs 640/- per Share) to M/s. RPM International Inc., USA.
No comments:
Post a Comment