Date:22/02/2005 URL: http://www.thehindubusinessline.com/2005/02/22/stories/2005022201400500.htm

Back Subex Systems allots shares to Merrill Lynch

Our Bureau

Bangalore Feb. 21

SUBEX Systems has allotted 2,30,769 equity shares of Rs 10 each at a price of Rs 300 each to Merrill Lynch Capital Markets Espana S.A.SV by virtue of conversion of foreign currently convertible bonds (FCCB) of nominal value $1.5 million held by them.

The company informed the Bombay Stock Exchange that the board has accepted the resignation of Mr Alex P J, from the post of Executive Director of the Company with effect from February 3. Mr Alex shall remain as a Director of the company, it said.