Notice to Bond Holders (7639F)
June 20 2012 - 5:00AM
UK Regulatory
TIDM35LY TIDMIPR
RNS Number : 7639F
International Power (Jersey) Ltd
20 June 2012
NOTICE TO HOLDERS OF
INTERNATIONAL POWER (JERSEY) LIMITED
US$228,262,000 - 3.75 PER CENT. GUARANTEED CONVERTIBLE BONDS DUE
2023
ISIN: XS0173110262
(the Bonds)
convertible into 3.75 per cent. redeemable preference shares of
International Power (Jersey) Limited which are immediately
exchanged for ordinary shares of and unconditionally guaranteed
by
INTERNATIONAL POWER PLC
NOTICE OF ADJUSTMENT TO THE EXCHANGE PRICE
Adjustment Event
On 8 February 2012, International Power plc announced that on 29
June 2012 it would pay a cash Dividend of 6.6 euro cents per
ordinary Share to Shareholders on the register of members on the
record date of 25 May 2012.
Adjustment of Exchange Price
Each US$1,000 principal amount of a Bond is convertible into one
Preference Share with a paid-up value of US$1,000. The Preference
Shares will be delivered to International Power plc following the
issue of such Preference Shares to the Bondholder, in consideration
for which International Power plc will deliver such number of
Shares as results from dividing the paid up value of each
Preference Share (translated into pounds sterling at the fixed
exchange rate of US$1.5893 = GBP1) by the Exchange Price in effect
on the relevant Conversion Date (rounded down to the nearest whole
number of Shares).
Clause 7 of the Preference Share Guarantee and Undertaking
requires an adjustment to be made to the Exchange Price in
accordance with the terms of the schedule thereto (the Schedule) on
the occurrence of certain corporate events. As a result of the
announcement by International Power plc that it will pay a cash
Dividend to the Shareholders, an adjustment to the Exchange Price
is required pursuant to paragraph B (iii) of the Schedule.
The current Exchange Price is 109 pence.
From and including 29 June 2012, being the date of payment of
the cash Dividend, the Exchange Price will be adjusted to 107
pence. In addition, we draw your attention to the notice to holders
dated 17 May 2012 constituting a rule 15 proposal for the purposes
of the city code on takeovers and mergers in connection with the
recommended acquisition of International Power plc by Electrabel
S.A., a wholly owned subsidiary of GDF Suez S.A. All other Terms
and Conditions of the Bonds remain unchanged.
Principal Paying, Conversion and Exchange Agent
Deutsche Bank AG, London branch
Effective Date of Exchange Price Adjustment
The adjustment to the Exchange Price will become effective on 29
June 2012.
Defined Terms
All words and terms that are capitalised herein shall have the
same meaning as set out in the Terms and Conditions of the
Bonds.
20 June 2012
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBKKDKCBKKCAB
Int.pwr.j.3.75% (LSE:35LY)
Historical Stock Chart
From May 2024 to Jun 2024
Int.pwr.j.3.75% (LSE:35LY)
Historical Stock Chart
From Jun 2023 to Jun 2024
