Pursuant to the approval received for finalising the basis of allotment from BSE (Designated Stock Exchange) on March 19, 2018, Scanpoint Geomatics has informed that the Board of Directors of the Company in their meeting held today i.e. March 20, 2018 has allotted 1,81,81,699 Equity Shares of Rs 2.00 each, issued at a price of Rs 16.50 per share (including a premium of Rs 14.50 per share), on rights basis to the eligible existing shareholders of the company as on the record date i.e. January 19, 2018, whose applications were valid. The meeting of the Board commenced at 09:30 A.M. and concluded at 10:30 A.M.
The above information is a part of company’s filings submitted to BSE.
