17 Dec 2009 10:53
December 17, 2009
The London Stock Exchange
10 Paternoster SquareLondonEC4M 7LS
Dear Sir
Sub: Allotment of 4,350,967 equity shares upon conversion of FCCBs and exercise of stock options under ESOP Scheme
Please be informed that the allotment committee of the Company in its meeting held today has issued the following equity shares:
4,348,554 equity shares upon conversion of FCCBs of principal amount of US$ 7.25 million by the holders of Company's US$ 98.7 million 5% Coupon Convertible Unsecured Foreign Currency Convertible Bonds. Post the conversion, FCCBs aggregating to US$ 91.45 million are outstanding.
2413 equity shares to employees pursuant to exercise of stock options under the ESOP scheme
Consequently the paid up share capital of the company has increased from Rs. 348,470,890 to 391,980,560.
We request you to take the aforesaid notification on record.
Thanking you
Yours truly,
For Subex Limited
Raj Kumar
Chief Counsel & Company Secretary
SUBX.L (SUBX)