Cambridge Technology EGM approves issue of warrants

Cambridge Technology Enterprises Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 08, 2007, inter alia, have accorded the following to create, offer, issue & allot upto 42,50,000 Equity Warrants convertible into 42,50,000 equity shares on preferential basis, of Rs 10/- each at price of Rs 55/- per share, for cash consideration (inclusive of premium of Rs 45/- per share) being the price which is in accordance with the SEBI Guidelines for preferential issues aggregating to Rs 23,37,50,000/- (equivalent to USD 5,952,380.95) and which can be convertible into equity shares with in a period not exceeding eighteen months (18 months) from the date of allotment of Equity Warrants in accordance with SEBI (DIP) Guidelines to the following allottee(s) Rosebury Investment Pte Ltd (Non Promoter): 19,50,000 no of equity warrants to be allotted, Prime Genius Investments Pte Ltd (Non Promoter): 23,00,000 no of equity warrants to be allotted.

Source : Equity Bulls

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