Cambridge Technology Enterprises approves issue of shares, warrants

Cambridge Technology Enterprises Ltd has announced that the Board of Directors of the Company at its meeting held on September 25, 2008, inter alia, has considered and approved the issue of 8,00,000 equity shares of Rs 10/- each at a price of Rs 111/- per share (including a premium of Rs 101/- per share) to M/s Protege Software Services Inc., USA on preferential basis.

To issue 12,00,000 Convertible Equity Warrants convertible into 12,00,000 Equity shares of Rs 10/- each at a price of Rs 100/- each (including a premium of Rs 90/- per share) to M/s Hansankit Trading Pvt Ltd Mumbai on preferential basis.

To issue 8,00,000 Convertible Equity Warrants convertible into 8,00,000 equity shares of Rs 10/- each at a price of Rs 100/- per share (including a premium of Rs 90/- per share) to M/s Transartica Company Ltd, Mauritius on preferential basis.

To issue 10,00,000 Convertible Equity Warrants convertible into 10,00,000 equity shares of Rs 10/- each at a price of Rs 100/- per share (including a premium of Rs 90/- per share) to M/s Ibenstein Pte Ltd, Singapore on preferential basis.

To issue 15,00,000 Equity Shares of Rs 10/- each to M/s Cambridge Technology Enterprises Trust pursuant to Section 81(1A) of the Companies Act, 1956 at a price of Rs 58.46 per share (including a premium of Rs 48.46 per share) towards grant of ESOPs.

Source : Equity Bulls

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