PAE Ltd to consider allotment of 520000 warrants

A meeting of the Board of Directors of PAE Ltd is scheduled to be held on Tuesday August 1, 2017 to consider and approve allotment of 5,20,000 share warrants to the promoters convertible into equity shares as per Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 after approval of shareholders in the Annual General Meeting which is scheduled to be held on 28.7.2017.

The Board will consider redemption of existing 11% Non-Convertible, Cumulative, Redeemable Preference Shares which were issued in the year 2013, 2014 and 2015 to the promoters out of the proceeds of issue of 5,20,000 share warrants.

The Board will also consider any other matters as per request of the board.

Source : Equity Bulls

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