FAZE THREE LTD. - Outcome of Board Meeting - Allotment of Equity Shares upon conversion of Warrants into equivalent number of Equity Shares
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| 15 Feb 2017 | |
| Faze Three Ltd has informed BSE that the Board of Directors of the Company had, pursuant to the approval of shareholders in the EGM held on September 30, 2016 and other regulatory approvals and requirements allotted 30,11,203 warrants convertible into equivalent number of Equity Shares on preferential basis to Promoter and Promoter Group on October 15, 2016.<BR><BR>Further, the warrant holders have paid the balance 75% of the consideration aggregating to Rs. 4,51,68,045/- and have applied for exercising their right for conversion of 30,11,203 warrants into equivalent number of equity shares.<BR><BR>Consequently, the Board of Directors in its meeting held on February 15, 2017 has issued and allotted 30,11,203 Equity Shares of face value of Rs. 10/- each to the warrant holders. | |
| View all announcements for FAZE THREE LTD. | Source: BSE India |
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