|
| Exchange Disseminated Time | | Nagreeka Exports Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 26, 2005, inter alia, to authorise the Board to offer, issue and allot 28,00,000 Equity Share warrants (warrants) for cash, on preferential basis, in one or more tranches and on such terms and conditions as may be deemed fit and appropriate by the Board, to some of the promoters / management group of the Company and further that each warrant providing each holder the option to subscribe to one fully paid up equity Share of Rs 10/- aggregating to 28,00,000 Equity shares, at a price of Rs 62.25 per Equity Shares, calculated as per the prescribed SEBI Guidelines in this respect. 10% of the issue prices to be payable at the time of allotment of the warrant and balance 90% payable at the time of exercise of option, which shall be exercised in one or more tranches, between 9 and 18 months from the date of allotment of the said Warrants, subject to necessary approvals and provisions. |
|
|