Gujarat NRE Board recommends 15% dividend

Gujarat NRE Coke Ltd has announced that the Board of Directors of the Company at its meeting held on June 02, 2007, inter alia, has unanimously approved the following:

1. Recommended a dividend of 15% (Rs 1.50 per share) on the paid up capital of the Company subject to the approval of members.

2. Grant of Stock Options to Eligible Employees and Independent Directors of the Company and its subsidiaries under GNCL Employee Stock Option Scheme, 2007.

3. Allotment of 5,00,197 Shares upon conversion of USD 5,50,000 1% Unsecured Foreign Currency Convertible Bonds.

4. Delisting of shares of the Company from The Calcutta Stock Exchange Association Ltd.

Source : Equity Bulls

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