9 Sep 2010 13:02
September 9, 2010
The London Stock Exchange
10 Paternoster Square London EC4M 7LS
Dear Sir/Madam,
Sub: Outcome of decisions taken by Board of Directors
Please be informed that the Board of Directors of the Company has today approved the following:
·; in supersession of resolution passed by the Board of Directors on August 11, 2010, the issue of upto 8 million equity shares of the Company to M/s KBC Aldini Capital Mauritius Limited, instead of M/s Rayed Holding & Finance S.A., for a price of Rs. 80/- per equity share, which would be 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
·; seeking approval of the members of the Company to the aforesaid issue at an Extraordinary General Meeting scheduled to be held on October 15, 2010 at 3 P M at the registered office of the Company.
We request you to take the aforesaid intimation on record.
Thanking you
Yours truly,
For Subex Limited
Raj Kumar
Vice President-Legal & Company Secretary
SUBX.L (SUBX)