Sub: Subex Limited "The Company"-Exercise of Employee Stock Options (ESOPs)
Please note that pursuant to the provisions of the Employee Stock Option Plan of the Company-ESOP 2018 and the applicable provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, the option grantee has exercised 212,500 options at an exercise price of Rs. 6/- each, equivalent to 212,500 Equity shares of face value of Rs. 5/- each, ("Equity shares") of the Company.
Pursuant to the exercise, the Subex Employee Welfare and ESOP Benefit Trust will transfer the said Equity shares to the concerned option grantee in due course.
Kindly take the same on record.
Thanking you
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Subex Limited published this content on 02 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2022 06:01:02 UTC.
Subex Limited is an India-based provider of telecom analytics solutions. The Company is engaged in providing of operations and business support systems (OSS/BSS) to communication service providers (CSPs) worldwide in the telecom industry. The Company operates across North America, South America, Canada, Europe, Middle East, Singapore, Australia, and Bangladesh. It offers business assurance, fraud and security, network analytics, identity management, OT security, partner ecosystem management. The Company's network security suite offers comprehensive solutions, services, and consulting designed to secure networks and the components, thus ensuring network integrity and availability. Its AI-First Fraud Management on HyperSense is an end-to-end fraud management solution that provides 360-degree protection across various service offerings. The Company's operational technology (OT) and internet of things (IoT) cybersecurity solutions provides converged networks, detect malicious behaviors.