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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