SUBEX LTD. - Updates
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| 03 Jan 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 January 03, 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 (Terms) for the Company to make the scheduled payment of interest on January 06, 2014, on the condition that the Issuer pay to or to the order of the Trustee an amount of US$ 28.50 together with the amount of US$ 57.00 due under the deed of Undertaking entered into between the Trustee and the Issuer dated January 04, 2013 for each US$ 1,000 principal amount of Bonds is paid to the Bondholders when the Bonds are redeemed.<br/><br/>In this regard, the Company has submitted to BSE 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 December 10, 2013. | |
| View all announcements for SUBEX LTD. | Source: BSE India |
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