Conversion of FCCBs

RNS Number : 3328Q

Subex Limited

02 August 2010

 

 

 

 

 

 

August 2, 2010

 

The London Stock Exchange

10 Paternoster Square London EC4M 7LS

 

Dear Sir/Madam

 

Sub: Allotment of 2,999,003 equity shares upon conversion of FCCBs

 

Please be informed that the Allotment Committee of the Board of Directors of the Company has issued 2,999,003 equity shares upon conversion of FCCBs of principal amount of US$ 5 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$ 59.8 million are outstanding.

 

Consequently the paid up share capital of the Company has increased from Rs. 591,840,400 to Rs. 621,830,430.

 

We request you to take the aforesaid notification on record.

 

Thanking you

 

Yours truly,

For Subex Limited

 

 

 

Raj Kumar

Vice President-Legal & Company Secretary

 

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