SUBEX LTD. - Update- Conversion of FCCBs

Subex Ltd has informed BSE that the Company has allotted 86,23,769 equity shares pursuant to the conversion of US$ 2,000,000 out of the Companys US$ 61.93 million bonds that are outstanding under the US$ 127,721,000 5.70 per cent secured convertible bonds due 2017 on September 21, 2015. Post the conversion, FCCBs aggregating to US$ 59.93 million are outstanding under the said Bonds.<BR><BR>Subject to the listing & trading approval of the NSE and BSE the paid up share capital of the Company has increased from Rs. 2,55,39,57,200 to Rs. 2,64,01,94,890.<BR>