SUBEX LTD. - Update - Conversion of FCCBs

Subex Ltd has informed BSE that the Company has allotted 2,80,27,249 equity shares pursuant to the conversion of US$ 6,500,000 out of the Company's US$ 56.93 million bonds that are outstanding under the US$ 127,721,000 5.70 per cent secured convertible bonds due 2017 on November 07, 2015. Post the conversion, FCCBs aggregating to US$ 50.43 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. 2,76,95,51,420 to Rs. 3,04,98,23,910.