4th Jan 2005 14:30
SABMiller PLC04 January 2005 SABMiller plc Redemption of US$600,000,000 4.25% Guaranteed convertible Bonds Due 2006 London and Johannesburg, 4 January 2005. On 9 December 2004, SABMiller plc ("SABMiller") announced that its subsidiary, SAB Finance (Cayman Islands) Limited (the "Issuer"), was exercising its right to call for the redemption of all of its US$600,000,000 4.25% Guaranteed Convertible Bonds due 10 August 2006 (the "Bonds") remaining in issue. Bondholders had the right, up to the close of business on 29 December 2004, toelect to convert their Bonds into SABMiller ordinary shares at the conversionprice of £6.15 per share, which if converted, would result in the issuance of115.3203 SABMiller ordinary shares in respect of each US$1,000 principal amountof the Bond. The Bond trustee (the "Trustee") had the right, up to the close ofbusiness on 7 January 2005, to convert any Bonds which remained unconverted. The Issuer has today announced that the Bondholders and the Trustee haveexercised their right to convert all of the Bonds into SABMiller ordinaryshares, which has led to 69,192,159 SABMiller ordinary shares being issued andallotted. All of the Bonds have now been cancelled. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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