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| Exchange Disseminated Time 18/08/2016 18:22:27 | CyberTech Systems and Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 18, 2016, inter alia, has considered and approved the following;
1. Issue, offer and allot not exceeding 10,00,000 (Ten Lakh) Optionally Fully Convertible Warrants (OFCWs /Warrants / Securities) {with each warrant convertible into one equity share} to Mr. Willem P. Elfrink at an issue price to be arrived as per Regulation 76 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009; and
2. Issue, offer and allot convertible securities / warrants to Qualified Institutional Buyers on private placement basis as per Chapter VIII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.
The Meeting commenced at 04:00 p.m. and concluded at 05:55 p.m. |
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