7th Nov 2007 11:54
Redemption of 5.25% Convertible Bonds (due 2007)
7 November 2007
Friends Provident plc has notified the holders of its outstanding GBP289,749,000 5.25% Convertible Bonds due 2007 (the "Bonds") that it has elected to satisfy its obligation to redeem the Bonds on 11 December 2007 (the "Maturity Date") through the issue of shares together with, if required, the payment of a further cash sum and accrued interest, all in accordance with the Conditions of the Bonds. Friends Provident plc will be required to issue up to 169,443,859 shares for this purpose.
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