Pantaloon Retail India Ltd has informed that members at an Extra Ordinary General Meeting (EGM) of the Company held on May 12, 2009, inter alia, have passed the following Special Resolutions :
1. To create, offer, issue and allot from time to time in one or more tranches 1,51,00,000 equity shares of Rs 2/-(Rupees Two only) each at a premium of Rs 181/-(Rupees One Hundred Eighty One only) per equity share aggregating to an issue price of Rs 183/-(Rupees One Hundred Eighty Three Only) to the following allottees being Promoter/forming part of the Promoter group and Private Investor not forming part of Promoter Group on a preferential allotment basis (Preferential Issue of Shares), on such terms and conditions and in such manner as the Board may think fit.
(i) Name of Allottee : PFH Entertainment Ltd
No of equity shares : 1,10,00,000
(ii) Name of Allottee :Dharmayug Investment Ltd
No of equity shares : 41,00,000
2. To create, offer, issue and allot from time to time in one or more tranches, 50,00,000 Warrants to the PFH entertainment Ltd, a Company within the Promoter Group (which expression shall mean and Include the Promoters in present management of the Company and their friends; relatives, associates and Companies controlled by them or in which they are directors or shareholders and associations controlled by them or in which they are members or office-bearers), each convertible into one equity share of Rs 2/-(Rupees Two only ) each at the premium of Rs 181/-(Rupees One Hundred Eighty One only) each aggregating to an issue price of Rs 183/-(Rupees One Hundred Eighty Three only), (Preferential Issue of Warrants) determined in accordance with and on the terms and conditions mentioned in Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 relating to preferential allotment, subject to necessary provisions & approvals.
1. To create, offer, issue and allot from time to time in one or more tranches 1,51,00,000 equity shares of Rs 2/-(Rupees Two only) each at a premium of Rs 181/-(Rupees One Hundred Eighty One only) per equity share aggregating to an issue price of Rs 183/-(Rupees One Hundred Eighty Three Only) to the following allottees being Promoter/forming part of the Promoter group and Private Investor not forming part of Promoter Group on a preferential allotment basis (Preferential Issue of Shares), on such terms and conditions and in such manner as the Board may think fit.
(i) Name of Allottee : PFH Entertainment Ltd
No of equity shares : 1,10,00,000
(ii) Name of Allottee :Dharmayug Investment Ltd
No of equity shares : 41,00,000
2. To create, offer, issue and allot from time to time in one or more tranches, 50,00,000 Warrants to the PFH entertainment Ltd, a Company within the Promoter Group (which expression shall mean and Include the Promoters in present management of the Company and their friends; relatives, associates and Companies controlled by them or in which they are directors or shareholders and associations controlled by them or in which they are members or office-bearers), each convertible into one equity share of Rs 2/-(Rupees Two only ) each at the premium of Rs 181/-(Rupees One Hundred Eighty One only) each aggregating to an issue price of Rs 183/-(Rupees One Hundred Eighty Three only), (Preferential Issue of Warrants) determined in accordance with and on the terms and conditions mentioned in Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 relating to preferential allotment, subject to necessary provisions & approvals.
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