Simplex Infrastructures Ltd allots 6,02,000 shares on conversion of warrants

The 'Committee of Directors for Preferential Issue' of the Board of Directors of Simplex Infrastructures Ltd at its meeting held today, 5th January, 2019, has approved the allotment of 6,02,000 (Six Lakh Two Thousand only) Equity Shares, having Face Value of Rs. 2/- each, to the Promoters pursuant to conversion of warrants issued on 15th May, 2018, at the predetermined price of Rs. 554.13/- per warrant, aggregate value of Rs.33,35,86,260/-, The 25% of this amount has already been paid on the allotment of share warrants and the balance 75% being Rs.25,01 ,89,695/- has been received by the Company.

Subsequent to the aforesaid allotment, the paid-up capital of the Company has increased from Rs.ll,30,81,640/- to Rs,l1,42,85,6401- comprising of 5,71,42,820 Equity Shares of face value of Rs.2/- each. The shareholding of the Promoters has increased from 49.29% to 49,83% of the total paid-up share capital ofthe Company.

Shares of SIMPLEX INFRASTRUCTURES LTD. was last trading in BSE at Rs.191.35 as compared to the previous close of Rs. 196.85. The total number of shares traded during the day was 352 in over 78 trades.

The stock hit an intraday high of Rs. 198 and intraday low of 191. The net turnover during the day was Rs. 68766.

Source : Equity Bulls

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