Derwent London PLC Adjustment to Conversion Price (0796N)
May 03 2018 - 11:21AM
UK Regulatory
TIDMDLN
RNS Number : 0796N
Derwent London PLC
03 May 2018
Derwent London plc
NOTICE TO THE HOLDERS OF DERWENT LONDON CAPITAL NO. 2 (JERSEY)
LIMITED (the "Issuer") GBP150,000,000 1.125 PER CENT. GUARANTEED
CONVERTIBLE BONDS DUE 2019 (the "Bonds") GUARANTEED BY DERWENT
LONDON PLC (the "Guarantor") (ISIN: XS0954745351)
Pursuant to Article 2.4.5(F) of the Articles of the Issuer and
Condition 17 of the terms and conditions of the Bonds (the
"Conditions"), as set out in the Trust Deed dated 24 July 2013
between the Issuer, the Guarantor and BNY Mellon Corporate Trustee
Services Limited and constituting the Bonds, notice is hereby given
to Bondholders that, as a result of the Guarantor's final dividend
of 42.4p per Ordinary Share and special dividend of 75p per
Ordinary Share, payable on 8 June 2018 to holders of record on 4
May 2018, the Exchange Price of the Bonds is to be adjusted from
GBP 32.7342p per Ordinary Share to GBP 31.7764p per Ordinary Share
with effect from 3 May 2018.
Words and expressions defined in the Conditions shall have the
same meaning when used in this notice.
3 May 2018
For further information, please contact:
Derwent London plc
Damian Wisniewski, Finance Director
Jay Joshi, Treasurer
Tel +44 (0)20 7659 3000
investors@derwentlondon.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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