Krypton - Outcome of Board Meeting - Proposed Rights Issue
Krypton Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 18, 2011, inter alia, approved the final Letter of Offer.
(A) Issue Size : The Company proposes to issue 73,10,680 equity shares on a rights basis to its existing equity shareholders aggregating to Rs. 1096.60 Lacs.
(B) Rights Entitlements : 17 equity shares for every 10 equity shares held by the shareholders as on the Record Date.
(C) Issue Price per equity share : Rs. 15/- per equity share including a premium of Rs. 5/- per equity share.
(D) Premium Value : The Company will issue one equity share of Face Value of Rs. 10/- each at a premium of Rs. 5/- per equity share.
(E) Total number of equity shares outstanding prior to the issue : 43,00,400
(F) Total number of equity shares outstanding after the issue : 1,16,11,080
(G) Issue Schedule : (i) Issue Opening Date - March 30, 2011 (ii) Issue Closing Date : April 18, 2011
(H) Fractional Entitlement : The fractional rights entitlement will be rounded off to the next higher integer. The resulting shortfall in allotment of shares, if any, shall be adjusted against the entitlement of the promoters.