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Convertible Bond: Exchange Price Adjustment

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RNS Number : 7679I
Primary Health Properties PLC
12 August 2019
 

PHP Finance (Jersey No 2) Limited (the "Issuer")

£150,000,000 2.875% Guaranteed Convertible Bonds due 2025 (the "Convertible Bonds") guaranteed by Primary Health Properties PLC ("PHP")

 

(ISIN: XS2016141637)

 

 

Notice of exchange price adjustment

 

 

Capitalised terms not otherwise defined in this notice shall have the meaning given to them in the terms and conditions of the Convertible Bonds (the "Conditions")

 

The Issuer hereby notifies Bondholders that, as a result of the Cash Dividend of 1.4 pence per Ordinary Share announced by PHP on 3 July 2019 and payable on 23 August 2019 to shareholders of record on 12 July 2019, the Calculation Agent has determined that Exchange Price has been adjusted to £1.5169 (previously £1.5325) and the Threshold Amount has been adjusted to £0.0277 (previously £0.028) in accordance with condition 6.3(D) of the Conditions with effect from 9 August 2019.

 

 

 

 

Enquiries:

 

Richard Howell,

Finance Director

Primary Health Properties PLC

Telephone: +44 (0) 20 7104 2004

 

LEI: 213800Y5CJHXOATK7X11

 

This announcement has been prepared solely for information purposes and is not an offer (or a solicitation of an offer) to buy or sell Convertible Bonds or any Ordinary Shares in any jurisdiction.

 


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 [email protected] or visit www.rns.com.
 
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Price: 158.8

Market: LSE
Market Cap: £1.93 billion
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