Geojit Financial calls for EGM to approve preferential issue to BNP Paribas

Geojit Financial Services Ltd has announced that an Extra-Ordinary General Meeting (EGM) of the members of the Company will be held on November 22, 2006, inter alia, for the issue and allotment of 5,68,04,870 equity shares, each equity share having a par value of Re 1 each and 2,28,26,300 warrants convertible into Equity Shares (in accordance with the terms and conditions of the Warrants) on a preferential allotment basis and subject to such conditions and modifications as may be prescribed or imposed by any of them while granting such approvals, permissions, consents and sanctions which may be agreed to by the Board of Directors of the Company (Board, which term shall also include any committee constituted or to be constituted by the Board thereof), the consent of the Board be and is hereby accorded to issue and allot 5,68,04,870 Equity Shares ("Investor Shares") and 2,28,26,300 Warrants ("Investor Warrants") such that the total number of Equity Shares issued (whether as Investor Shares or upon conversion of the Investor Warrants) shall not exceed 7,96,31,170 Equity Shares ("Aggregate Equity Shares") of Re 1/- each, at a price of Rs 26 per Investor Equity Share and Rs 26 per Investor Warrant (of which Rs 3.74 per Investor Warrant shall be paid up-front for the allotment of such investor Warrants) for the Aggregate Equity Shares to BNP Paribas S.A., on a preferential allotment basis, subject to necessary provisions and approvals.

Source : Equity Bulls

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