6th Jun 2005 11:08
BBA Group PLC06 June 2005 6 June 2005 Conversion of 6.75 per cent cumulative redeemable convertible preference shares of £1 each ("Convertible Preference Shares") BBA Group plc (the "Company") announces that following the Reminder of FinalConversion Rights Notice sent to its Convertible Preference Shareholders on 31March 2005, 364 Convertible Preference Shareholders elected to convert54,075,172 Convertible Preference Shares at the rate of 57.25 ordinary sharesfor every £100 nominal of Convertible Preference Shares, which will result inthe issue of 30,958,035 new ordinary shares of 25 pence each. If following a conversion date, 75 per cent or more of the ConvertiblePreference Shares in issue has been converted the Company is entitled under itsArticles of Association to give the remaining Convertible PreferenceShareholders 28 days notice in writing in which to convert their shares. The Company announces that it will shortly be sending out such Notice to itsremaining Convertible Preference Shareholders. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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