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R Systems Announce its Board Meeting to inter alia consider the following
Noida,
December 19, 2006: The Meeting of the Board of Directors
of R Systems International Limited is scheduled to be
held on Wednesday, December 27, 2006 at the Corporate
Office of the Company at C - 40, Sector - 59, Noida
to inter alia consider and adopt the following
- To consider, discuss and
approve the investment in equity shares of Aisel
Corporation pursuant to the strategic alliance agreement
to be entered into between Aisel Corporation &
R Systems International Limited.
- To consider, discuss and
approve the allotment of 410,000 equity shares of
Rs. 10/- each at the price of Rs. 250/- per share
subject to the approval of the shareholders, to
Aisel Corporation pursuant to the strategic alliance
agreement to be entered into between Aisel Corporation
& R Systems International Limited.
- To consider, discuss and
approve the allotment of equity shares pursuant
to the exercise of the stock options granted to
the employees of the Company under R Systems International
Ltd - Year 2004 Employee Stock Option Plan.
- To consider, discuss and
approve the allotment of equity shares pursuant
to the exercise of the stock options granted to
the employees of the Company under R Systems International
Ltd - Year 2004 Employee Stock Option Plan - ECnet.
- To consider, discuss and
approve the investment of surplus funds in term
deposits & mutual funds.
- To consider, discuss and
approve the investment of up to US$ 1,000,000 in
CISCO solutions to meet the existing & future
requirements of our business.
- To consider, discuss and
approve the opening of a branch office in Belgium.
For
further information please contact:
Nand Sardana (Tel No. 0120 - 430
3506)
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