Span Diagnostics to issue 149900 warrants

Span Diagnostics Ltd has announced that the Board of Directors of the Company at its meeting held on April 26, 2007 has decided to issue 149900 Convertib4e Share Warrants of Rs 10/- each at a price of shares which will be calculated in accordance with SEBI preferential Offer Guidelines on preferential basis to promoters of the Company subject to necessary approvals. The Extra Ordinary General Meeting of shareholders is convened on June 08, 2007 for necessary consents for aforesaid issue and other matters.

The stock closed the day at Rs.44, down by Rs.0.90 or 2%. The stock hit an intraday high of Rs.45.50 and low of Rs.44. The total traded quantity was 75 compared to 2 week average of 1065.

Source : Equity Bulls

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