SUBEX LTD. - Update - Conversion of FCCBs

Subex Ltd has informed BSE that the Company has allotted 19,40,348 equity shares pursuant to the conversion of US$ 450,000 out of the Company's US$ 4.55 million bonds that are outstanding under the US$ 127,721,000 5.70 per cent secured convertible bonds due 2017 on April 20, 2016. Post the conversion, FCCBs aggregating to US$ 4.10 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. 5,02,81,16,460 to Rs. 5,04,75,19,940.