Primary Health Properties PLC Convertible Bonds 2019: Exchange Price (8204D)
October 12 2018 - 2:00AM
UK Regulatory
TIDMPHP
RNS Number : 8204D
Primary Health Properties PLC
12 October 2018
12 October 2018
Primary Health Properties PLC
4.25% Guaranteed Convertible Bonds 2019 - amendment of exchange
price
Primary Health Properties PLC ("PHP" or the "Company") announces
that the exchange price for new ordinary shares of 12.5p each in
PHP ("Ordinary Shares") to be issued in exchange for the preference
shares in the Company's wholly owned subsidiary PHP Finance
(Jersey) Limited ("PHP Jersey") (ISIN: XS1067950615) issued on
conversion of the 4.25% Guaranteed Convertible Bonds 2019 (the
"Convertible Bonds") of PHP Jersey has been adjusted from 97.5
pence to 96.16 pence per Ordinary Share.
The adjustment is in accordance with the dividend protection
provisions set out in condition 6(b)(iii)(B) of the conditions of
issue of the Convertible Bonds and is triggered by the Ordinary
Shares trading ex-dividend. The adjusted exchange price shall be
applied in respect of all conversion notices in respect of the
Convertible Bonds from 11 October 2018. There are currently
GBP53,400,000 nominal of Convertible Bonds outstanding.
Enquiries:
Richard Howell,
Finance Director
Primary Health Properties PLC
Telephone: +44 (0) 20 7104 2004
LEI: 213800Y5CJHXOATK7X11
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCEAEEFFEEPFAF
(END) Dow Jones Newswires
October 12, 2018 02:00 ET (06:00 GMT)
Primary Health Properties (LSE:PHP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Primary Health Properties (LSE:PHP)
Historical Stock Chart
From Apr 2023 to Apr 2024