18 Mar 2010 07:00
March 18, 2010
The London Stock Exchange
10 Paternoster Square London EC4M 7LS
Dear Sir
Sub: Allotment of 4,000,000 equity shares under preferential allotment
Please be informed that the Board of Directors of the Company has issued 4,000,000 equity shares to M/s Woodbridge Consultants, an entity belonging to Promoters/Promoter Group, at 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.
The preferential allotment was approved by the shareholders of the Company at their Extraordinary General Meeting held on March 4, 2010.
Consequent to the allotment, the paid-up share capital of the Company has increased from Rs. 527,835,380 to Rs. 567,835,380. The post-allotment shareholding of the Promoters/Promoter Group stands at 14.92%.
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)