SUBEX LTD. - Updates
Download 
|
< Back |
| 04 Jul 2014 | |
| Subex Ltd has informed BSE that the holders of the outstanding US$ 127,721,000 5.70% Secured Convertible Bonds due 2017, convertible into ordinary shares of Subex Limited ("Bonds"), have at a meeting of the Bondholders on July 04, 2014, undertaken the following action in relation to the Bonds. A summary of the key action taken is set out below:<br/><br/>- The Bondholders have waived the requirement under the terms and conditions of the Bonds for the Company to make the scheduled payment of interest on July 06, 2014 and January 06, 2015 on the condition that the Issuer pay to or to the order of the Trustee an amount of U.S.$ 57.00 together with the amount of U.S. $57.00 and U.S. $28.50 due under the deed of undertaking entered into between the Trustee and the Issuer dated January 04, 2013 and January 03, 2014 respectively for each U.S.$1,000 principal amount of Bonds then outstanding at the same time as payment of an Early Redemption Amount and/or the amount at which the Issuer is required to redeem the Bonds at the Maturity Date.<br/><br/>In this regard, the Company has issued a copy of the notice communicating outcome of the meeting to the holders of 5.70% Bonds and a copy of Notice of the Meeting dated June 11, 2014. | |
| View all announcements for SUBEX LTD. | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback