Cambridge Technology Enterprises Ltd has informed that the Board of Directors of the Company at its meeting held on September 25, 2008, inter alia, has considered and approved the following :
1. Issue of 8,00,000 equity shares of Rs 10/- each at a price of Rs 111/- per share (including a premium of Rs 101/- per share) to M/s Protege Software Services Inc., USA on preferential basis.
2. Issue of 12,00,000 Convertible Equity Warrants convertible into 12,00,000 Equity shares of Rs 10/- each at a price of Rs 100/- each (including a premium of Rs 90/- per share) to M/s Hansankit Trading Pvt Ltd Mumbai on preferential basis.
3. Issue of 8,00,000 Convertible Equity Warrants convertible into 8,00,000 equity shares of Rs 10/- each at a price of Rs 100/- per share (including a premium of Rs 90/- per share) to M/s Transartica Company Ltd, Mauritius on preferential basis.
4. Issue of 10,00,000 Convertible Equity Warrants convertible into 10,00,000 equity shares of Rs 10/- each at a price of Rs 100/- per share (including a premium of Rs 90/- per share) to M/s Ibenstein Pte Ltd, Singapore on preferential basis.
5. Issue of 15,00,000 Equity Shares of Rs 10/- each to M/s Cambridge Technology Enterprises Trust pursuant to Section 81(1A) of the Companies Act, 1956 at a price of Rs 58.46 per share (including a premium of Rs 48.46 per share) towards grant of ESOPs.
6. Appointment of M/s P Murali & Co., as Statutory Auditors of the Company in place of M/s Walker, Chandiok & Co subject to approval of Shareholders at the ensuing Annual General Meeting of the Company.
1. Issue of 8,00,000 equity shares of Rs 10/- each at a price of Rs 111/- per share (including a premium of Rs 101/- per share) to M/s Protege Software Services Inc., USA on preferential basis.
2. Issue of 12,00,000 Convertible Equity Warrants convertible into 12,00,000 Equity shares of Rs 10/- each at a price of Rs 100/- each (including a premium of Rs 90/- per share) to M/s Hansankit Trading Pvt Ltd Mumbai on preferential basis.
3. Issue of 8,00,000 Convertible Equity Warrants convertible into 8,00,000 equity shares of Rs 10/- each at a price of Rs 100/- per share (including a premium of Rs 90/- per share) to M/s Transartica Company Ltd, Mauritius on preferential basis.
4. Issue of 10,00,000 Convertible Equity Warrants convertible into 10,00,000 equity shares of Rs 10/- each at a price of Rs 100/- per share (including a premium of Rs 90/- per share) to M/s Ibenstein Pte Ltd, Singapore on preferential basis.
5. Issue of 15,00,000 Equity Shares of Rs 10/- each to M/s Cambridge Technology Enterprises Trust pursuant to Section 81(1A) of the Companies Act, 1956 at a price of Rs 58.46 per share (including a premium of Rs 48.46 per share) towards grant of ESOPs.
6. Appointment of M/s P Murali & Co., as Statutory Auditors of the Company in place of M/s Walker, Chandiok & Co subject to approval of Shareholders at the ensuing Annual General Meeting of the Company.
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