Helios Matheson FCCBs

Helios & Matheson Information Technology Ltd has informed that in accordance with the Offering Circular dated July 07, 2006 for issue of US$ 20 million with an over allotment option of upto USD 5 million 2% Foreign Currency Convertible Bonds due 2011 (FCCB), the Company had received an amended conversion notice for allotment of 385500 shares (instead of 354384 shares) on conversion of 10 nos of bonds. As the Company had earlier allotted 354384 shares, the Committee of Directors at its meeting held on October 22, 2007 allotted the balance 31116 equity shares of Rs 10/-each at Rs 130 per share to the bondholder. Consequent upon the allotment, the total paid up equity capital of the Company stands increased to Rs 21,53,64,480 divided into 2,15,36,448 equity shares of Rs 10 each.