27 Aug 2015 08:45
August 27, 2015
To
The London Stock Exchange
10 Paternoster Square
London
EC4M 7LS
Dear Sir/Madam,
SUB: SUBEX LIMITED ("THE COMPANY") - UPDATE
This is to inform you that pursuant to clause 2.2 of the Second Supplemental Trust Deed of the Company's USD 127,721,000 5.70% Secured Convertible Bonds Due 2017 ("FCCB III"), the company has issued notice to the Bondholders through the Trustee, The Bank of New York Mellon, that the reset of the conversion price of FCCB III from Rs. 22.79 to Rs. 13.00 per share is effective from August 26, 2015.
We request you to take the aforesaid update on record.
Yours faithfully
For and on behalf of Subex Limited
Ganesh K V
Chief Financial Officer, Global Head -Legal and Company Secretary