Helios & Matheson allots 380748 equity shares on conversion of FCCBs

Helios & Matheson Information Technology Ltd has announced that in accordance with the Offering Circular dated July 07, 2006 for issue of US$ 20 million with an over allotment option of upto USD 5 million 2.00 per cent Foreign Currency Convertible Bonds due 2011 (FCCBs), the Company has received conversion notice in respect of 10 Bonds aggregating to US$ 1,000,000 from the bond holder. The Committee of Directors of the Company at its meeting held on July 16, 2007 has allotted 380,748 equity shares of Rs 10/- each, on conversion of 10 Bonds. Consequent upon the allotment, the total paid up equity capital of the Company stands increased to Rs 20,39,07,480 divided into 2,03,90,748 equity shares of Rs 10 each.

Source : Equity Bulls

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