Span Diagnostics to consider allotment of shares on Nov 04, 2009

Span Diagnostics Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 04, 2009, to consider the allotment of 1,65,250 Equity Shares of Rs. 10/- each at a premium of Rs. 29.97 per share, fully paid up, by converting Convertible Share Warrants already issued to promoters on preferential basis.

The shareholders have, in the extra-ordinary general meeting held on May 30, 2009, approved the issue of aforesaid convertible share warrants and the said warrants were issued pursuant to in principle approval from stock exchange as per SEBI (DIP) guidelines.

The stock was trading at Rs.54.50, down by Rs.0.60 or 1.09%. The stock hit an intraday high of Rs.56.90 and low of Rs.53.50.

The total traded quantity was 1282 compared to 2 week average of 1360.

Source : Equity Bulls

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