9th Nov 2007 17:07
5.25% Convertible bonds (due 2007)
This announcement is given further to the announcement made by Friends Provident plc on 7 November 2007 whereby it announced that it had notified the holders of its outstanding ‚£289,739,000 5.25% Convertible Bonds due 2007 (the "Bonds") that it has elected to satisfy its obligation to redeem the Bonds on 11 December 2007 through the issue of shares together, if required, with the payment of a further cash sum and accrued interest, all in accordance with the terms and conditions of the Bonds.
Following queries received from Bondholders, Friends Provident plc confirms that, in accordance with the terms and conditions of the Bonds, the averaging period used to calculate the value of such shares and any applicable cash sum will be the 30 dealing day period from and including 25 October 2007 to and including 5 December 2007.
Enquiries: Gordon Ellis, Company Secretary 01306 653087
FRIENDS PROVIDENT PLCRelated Shares:
Fondul Proprietatea