8 Feb 2010 12:24
February 8, 2010
The London Stock Exchange
10 Paternoster Square London EC4M 7LS
Dear Sir
Sub: Outcome of decisions taken by Board of Directors
Please be informed that the Board of Directors of the Company has today approved the following:
·; the issue of upto 6 million equity shares of the Company to the Promoter/Promoter Group for a price of Rs. 80/- per equity share, being higher than the minimum price computed in accordance with Chapter VII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
·; pursuant to the provisions of Sections 78, 100 to 104 and other applicable provisions, if any, of the Companies Act, 1956, reduction of securities premium account as a part of financial restructuring by court order through utilisation of the same for certain permitted purposes to be approved by the Court,
·; convening of an Extraordinary General Meeting of the members of the Company on March 4, 2010 at 3 P M at the registered office of the Company to approve the aforesaid matters.
We request you to take the aforesaid intimation on record.
Thanking you
Yours truly,
For Subex Limited
Raj Kumar
Chief Counsel & Company Secretary