Everonn Education ltd - Outcome of Board Meeting (Approvs Rights Issue)

Everonn Education Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2014, inter alia, approved the following:<br/><br/>1. Approved the offer of shares through Rights Issue.<br/><br/>2. Approved the conversion of One Optionally Convertible Debenture (OCD) of value Rs. 4,33,13,816/- each allotted to M/s. The Concorde Residential Schools (Kerala) Private Limited into 10,91,303 Equity Shares of Rs. 10/- each at Rs. 39.69/- per Share.