Gee Kay Finance allots shares on conversion of CPS

Gee Kay Finance & Leasing Company Ltd has announced that the Board of Directors of the Company at its meeting held on October 30, 2009, inter alia, ha considered and approved the allotment of 2,57,426 Equity Shares of Rs. 10/- each arising on account of exercise for conversion of 2,57,426 6% optionally Convertible preference shares of Rs. 10/- each at a price of Rs. 88.25 (including premium of Rs. 78.25) issued earlier on swap basis for consideration other than cash.

The Board approved the allotment of 6,86,581 Equity shares of Rs. 10/- each arising on account of exercise for conversion of 6,86,581 6% Optionally Convertible preference shares of Rs. 10/- each at a price of Rs. 48.80 (including premium of Rs. 38.80) issued earlier on swap basis for consideration other than cash.

The Board also approved the notice of Postal Ballot seeking consent of members for change in management control and shifting of Registered office from Balkeshwar Road, Agra - 282004 to Shop No. F-10, Block No. 57/2, Kaveri Center, Sanjay Place, Agra, U.P. - 282004.

Source : Equity Bulls

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