SUBEX LTD. - Update - Conversion of FCCBs

Subex Ltd has informed BSE that the Company has allotted 1,06,93,473 equity shares pursuant to the conversion of US$ 2,480,000 out of the Company's US$ 31.29 million bonds that are outstanding under the US$ 127,721,000 5.70 per cent secured convertible bonds due 2017 on December 14, 2015. Post the conversion, FCCBs aggregating to US$ 28.81 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. 387,51,18,590 to Rs. 398,20,53,320.