Helios & Matheson CoD Meeting on Jul 16, 2007 to allot shares on conversion of FCCBs

Helios & Matheson Information Technology Ltd has announced that pursuant to the terms and conditions of the Offering Circular dated July 07, 2006, a meeting of the Committee of Directors (Allotment) (CoD) of the Company will be held on July 16, 2007 to consider allotment of 380,748 Equity Shares of Rs 10/- each of the Company at the conversion price of Rs 130 per share upon exercise of option of conversion by the FCCB holder for 10 nos of 2% Coupon Foreign Currency Convertible Bonds of US $ 100000 each (FCCB) aggregating to USD 1 million.

Source : Equity Bulls

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