Pyramid Saimira to allot 36,40,000 warrants

Pyramid Saimira Theatre Ltd has announced that the Board of Directors of the Company at its meeting held on September 01, 2007, has decided to allot on preferential basis, upto 36,40,000 Convertible Warrants to Mr. P S Saminathan, Promoter Director, subject to the approval of the shareholders at the ensuing 10th Annual General Meeting to be held September 29, 2007.

The Price of each Warrant will be not lower than the minimum price specified as per Clause 13.1.1.1 of Chapter XIII of SEBI (DIP) Guidelines, 2000 but not higher than Rs 310/-. The Relevant Date for determination of SEBI Guideline Pricing will be August 30, 2007, i.e. 30 days prior to Shareholders Meeting.

Source : Equity Bulls

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