16th Apr 2007 07:00
Issue of equity and of floating rate unsecured notes 2012
16 April 2007
On 16 April 2007, Friends Provident plc (the "Company") settled the final variable payment to the former shareholders of Lombard International Assurance S.A. ("Lombard") . The amount paid was ¢â€š¬126,308,284 and was based on Lombard's 2006 financial performance.
The variable final payment has been satisfied through the issue of 32,382,520 new ordinary shares in the Company to Lombard's former shareholders and ‚£ 26,332,978 floating rate unsecured notes 2012 (the `Notes'). The Notes are not listed.
It is expected that the 32,382,520 new ordinary shares in the Company will be admitted to the Official List of the UK Listing Authority and that dealings in the new ordinary shares will commence at 8:00 a.m. on 16 April 2007. The total issued ordinary share capital of the Company is now 2,171,528,063 ordinary shares, of which 21,787,919 ordinary shares are held in Treasury.
This announcement does not constitute, or form part of, an offer or any solicitation of an offer to purchase or subscribe for securities in any jurisdiction.
Enquiries: Gordon Ellis, Group Secretary 01306 653087
FRIENDS PROVIDENT PLCRelated Shares:
Fondul Proprietatea