17th Jul 2006 13:04
3i Group PLC17 July 2006 3i Group PLC 17 July 2006 NOTICE TO BONDHOLDERS Common Code: 017271709 ISIN: XS0172717091 3i Group plc (the 'Issuer') Euro 550,000,000 1.375 per cent Convertible Bonds due 2008 convertible into ordinary shares of 3i Group plc (the 'Bonds') NOTICE IS HEREBY GIVEN to the holders of the Bonds (the 'Bondholders') in accordance with Clause 7.1 of the Trust Deed dated 1st August 2003 (the 'Trust Deed') between the Issuer and The Law Debenture Trust Corporation p.l.c. as trustee and Condition 17 of the Terms and Conditions of the Bonds that the Conversion Price (as defined in the Trust Deed) is to be adjusted as described in this notice. On 11 May 2006 the Issuer announced a proposed return of capital and a relatedconsolidation of the ordinary shares of 3i Group plc (the "Company"). Thisconsolidation was linked to a bonus issue of listed B shares to holders ofordinary shares in the Company (the "Bonus Issue"). The Bonus Issue was proposedas a method of returning £700 million to shareholders. At the date theconsolidation ratio was set there were 551,146,645 ordinary shares in issue.Accordingly, the Bonus Issue is deemed to have a cash value of £1.27 perordinary share. On 12 July 2006 the Issuer's shareholders, at an extraordinary general meetingof the Issuer (the "EGM"), voted to approve (i) a consolidation of the Issuer'sordinary shares on the basis of consolidating 13 existing ordinary shares of 531/8 pence each into 11 new ordinary shares with a nominal value of 62 69/88 penceeach and (ii) the Bonus Issue. Now that the consolidation of the ordinary shares of the Issuer and the BonusIssue are effective, the Issuer notifies Bondholders that, with effect from andon 17 July 2006 and pursuant to Condition 6(b)(i) and (iii) of the Terms andConditions of the Bonds, the Conversion Price is adjusted from £8.38 perordinary share to £8.53 per ordinary share. The number of Ordinary Shares to be delivered per Bond on the exercise of aConversion Right, calculated pursuant to Condition 6 of the Terms and Conditionsof the Bonds, will be 45. By 3i Group plc Dated 17 July 2006 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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