ORG Informatics seeks EGM approval for issue of warrants

ORG Informatics Ltd has announced that an Extra-Ordinary General Meeting (EGM) of the members of the Company will be held on December 22, 2006, to offer issue and allot 6,00,000 warrants to the proposed allottees namely M/s. Albireo Inc and M/s. Tulip Biochem Pvt. Ltd on preferential basis @ Rs 170 per warrant convertible at the option of the warrant holder into equity shares of Rs 10/- each at a premium of Rs 160/- per share, being the price with respect to the relevant date i.e. November 22, 2006 being the date 30 days prior to the date on which the Extra-Ordinary General Meeting of shareholders is to be held to consider proposed issue, in accordance with the provisions of Chapter XIII on preferential issues of SEBI (Disclosure and Investor Protection) Guidelines, 2000 in this behalf, subject to necessary provisions & approvals.

Source : Equity Bulls

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