30 Oct 2009 09:59
RNS Number : 6617B
Subex Limited
30 October 2009
SUBEX LIMITED CONFIRMS RESULT OF MEETING OF HOLDERS OF ITS OUTSTANDING US$180 MILLION 2.00% COUPON CONVERTIBLE UNSECURED BONDS DUE 2012.
Mumbai, 30 October 2009 - Subex Limited (the "Company") has today published the following announcement:
"At the duly convened and quorate meeting of the Bondholders (the "Meeting") held at the offices of Clifford Chance at 28th Floor, Jardine House, One Connaught Place, Hong Kong on 30 October 2009 at 11.00 a.m. (Hong Kong time) in accordance with Condition 14 of the Bonds and the provisions of Schedule 3 of the Trust Deed dated 8 March 2007 (the "Trust Deed") relating to the Bonds and made between the Company and The Bank of New York Mellon (formerly The Bank of New York), London Branch (the "Trustee") as trustee for the Bondholders:
a) the Extraordinary Resolution set out in the notice of meeting dated 8 October 2009 was duly passed; and
b) the Ordinary Resolution set out in the notice of meeting dated 8 October 2009 was duly passed."
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THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITY IN THE UNITED STATES OR IN ANY OTHER JURISDICTION, AND NONE OF THE SECURITIES TO BE ISSUED PURSUANT TO THE EXCHANGE OFFER, IF CONSUMMATED, MAY BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, OR IN ANY OTHER JURISDICTION WHERE SUCH SALE IS PROHIBITED. THE COMPANY DOES NOT INTEND TO REGISTER ANY OF THE SECURITIES TO BE ISSUED PURSUANT TO THE EXCHANGE OFFER IN THE UNITED STATES.
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