Span Diagnostics allots 157500 shares on conversion of warrants

Span Diagnostics Ltd has announced that the Board of Directors of the Company at its meeting held on March 25, 2009, inter alia, had made allotment of 1,57,500 Equity Shares of Rs 10/- each at a premium of Rs 40.60 per share fully paid up, by converting Convertible Share Warrants already issued to promoters on preferential basis. This is in pursuant to approval of the Shareholders in Extra Ordinary General Meeting held on February 28, 2009 and in-principle approval dated February 13, 2009 of Stock Exchange for issue of Convertible Share Warrants.

The Company's share capital now stands increased from Rs 3,15,00,000 to Rs 3,30,75,000.

The stock was trading at Rs.34.55, down by Rs.0.30 or 0.86%. The stock hit an intraday high of Rs.36.55 and low of Rs.34.55.

The total traded quantity was 206 compared to 2 week average of 139.

Source : Equity Bulls

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