Precision Containeurs to convert preference shares to equity shares

Precision Containeurs Ltd has announced that the Board of Directors of the Company at its meeting held on June 30, 2006, inter alia, has considered and decided the following:

1. To pay arrears of dividend on 2% Cumulative Convertible Preference Shares at 2% per annum for 5 years.

2. To convert 2% Cumulative Convertible Preference Shares into Equity Shares at the ratio 1:1.

Source : Equity Bulls

Keywords