Computer Point to issue warrants on preferential basis

Computer Point Ltd has announced that the Board of Directors of the Company at its meeting held on November 07, 2006, has not recommended payment of any dividend for the year ended June 30, 2006. However it was resolved to issue on preferential basis in terms of the SEBI guidelines 2000, on preferential allotment, securities for the aggregate value of not exceeding Rs 3,00,00,000/- by way of equity share at par & equal amount of convertible warrants to be exchanged on a later date against equity share at par within a period not exceeding 18 months.

Source : Equity Bulls

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