Derwent London PLC Adjustment to Conversion Price (9158X)
May 02 2019 - 10:00AM
UK Regulatory
TIDMDLN
RNS Number : 9158X
Derwent London PLC
02 May 2019
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 46.75p per Ordinary Share, payable on 7 June 2019 to holders of
record on 3 May 2019, the Exchange Price of the Bonds is to be
adjusted from GBP 31.7764 per Ordinary Share to GBP 31.4314 per
Ordinary Share with effect from 2 May 2019.
Words and expressions defined in the Conditions shall have the
same meaning when used in this notice.
2 May 2019
For further information, please contact:
Derwent London plc
Damian Wisniewski, Finance Director
Jay Joshi, Treasurer
Tel +44 (0)20 7659 3000
investors@derwentlondon.com
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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
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