Accentia Technologies Board Meeting on Jul 26, 2007 to issue securities

Accentia Technologies Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 26, 2007, inter alia, to discuss the following:

1. To discuss and take a decision on preferential allotment of 13,00,000 equity shares to Foreign Funds for the pipelined overseas acquisitions.

2. The Price of the Preferential Allotment to Foreign Funds @ fixed price of Rs 165/- or price determined as per SEBI guidelines, which ever is higher.

3. To discuss the progress on the part of GDR, which is going to be launched at USD 4.5 / Share and review the progress achieved by London based merchant bankers M/s. Athena Capital Partners LLP.

Source : Equity Bulls

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