Kemrock Industries - Outcome of EGM
Kemrock Industries & Exports Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 04, 2008, inter alia, have passed the following special resolutions:
1. Offer, issue and allotment, on a preferential basis, of not exceeding 4,60,000 Equity Shares of Rs 10/- each at a price of Rs 650/- per Equity Share (including premium of Rs 640/-) to M/s. RPM International Inc, USA; and
2. Offer, issue and allotment, on a preferential basis, of and upto 3,93,000 Warrants carrying two parts (i.e., 2,22,000 Warrants in Part-A; and 1,71,000 Warrants in Part-B), each warrant of the said two parts carrying a right, entitling the holder thereof to apply for and obtain one Equity Share of Rs 10/- each for cash at a price of Rs 650/- per share (including a premium of Rs 640/- per Share) to M/s. RPM International Inc., USA.
Tags: Kemrock Industries