19 Jun 2007 11:32
Subex Azure Limited19 June 2007 CS103/0718-June-2007 Dear Sir, Sub : Allotment of warrants on preferential basis Pursuant to the special resolution passed by the members of the Company on04-June-07, in-principle approvals received from The Bombay Stock ExchangeLimited, National Stock Exchange of India Limited and The Bangalore StockExchange Limited and in accordance with Chapter XIII of SEBI (Disclosure andInvestor Protection) Guidelines, 2000, the Board of Directors of the Company on18-June-07, has allotted by circular resolution, 1,800,000 warrants to SubexHoldings Private Limited, the promoter company and 430,000 warrants to Mr. Sudeesh Yezhuvath, belonging to the promoter group, on preferential basis at a price of Rs. 630.31 per share which includes a premium of Rs.620.31 per share. The holder of each warrant has right to subscribe and apply for and obtain allotment of one equity share against each warrant at any time after the date of allotment but on or before the expiry of 18 months from the date of allotment, in one or more tranches. Thanking you. Yours truly,for SUBEX AZURE LIMITED RAJKUMAR CCHIEF COUNSEL & COMPANY SECRETARY This information is provided by RNS The company news service from the London Stock Exchange