Ontrack Systems allots 450000 equity shares

Ontrack Systems Ltd has announced that the Board of Directors of the Company at its meeting held on March 12, 2008, has allotted 4,50,000 equity shares of Rs 10/- each to other than promoters (Mr. Ganesh Natarajan: 1,10,540 Shares; Mr. Ramdevan V Krishnaswamy: 3,39,460 shares) for other than cash at premium of Rs 46.25 as consideration towards acquisition of M/s. Intellisys Technology Australia Pty Ltd as per Share Purchase Agreement dated November 02, 2006.

Source : Equity Bulls

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