Software Technology to allot 5 Lakh Warrants

Software Technology Group International Ltd has announced that the Board of Directors of the Company at its meeting held on December 01, 2007, has approved the allotment of 5,00,000 convertible warrants at a price of Rs 22.00/- per warrant to the following Non-Promoter Strategic Investors with an option to the warrant holder (s) to convert these into equal number of equity Shares of the face value of Rs 10/- each at a premium of Rs 12.00/ per Share after the prevailing statutory lock-in period as per SEBI guidelines subject to the approval, of the Shareholders of the Company at their 15th Annual General Meeting scheduled for December 31, 2007:

Name of the proposed allottees: M/s. AKM Systems Pvt Ltd

No. of Warrants allotted: 5,00,000.

Source : Equity Bulls

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