20th Jun 2007 11:10
3i Group PLC20 June 2007 3i Group plc : Notice to Bondholders The following is the full text of a notice sent on 20 June 2007 to the holdersof the Company's Euro 550,000,000 1.375 per cent Convertible Bonds due 2008 inrelation to the 3i Group plc issue of listed B Shares and share capitalconsolidation announced previously. 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') inaccordance with Clause 7.1 of the Trust Deed dated 1st August 2003 (the 'TrustDeed') between the Issuer and The Law Debenture Trust Corporation p.l.c. astrustee and Condition 17 of the Terms and Conditions of the Bonds that theConversion Price (as defined in the Trust Deed) will remain unadjusted as aresult of the events as described in this notice. On 10 May 2007 the Issuer announced a proposed return of capital and a relatedconsolidation of the ordinary shares of 3i Group plc (the "Company"). Thisconsolidation will be 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 approximately £800 million to shareholders. The BonusIssue terms, as announced on 14 June 2007, are deemed to have an equivalent cashvalue of 174.625 pence per ordinary share. Also, on 14 June 2007 the Issuerannounced that the consolidation ratio to be voted on by its shareholders at anextraordinary general meeting of the Issuer to be held on 11 July 2007 (the"EGM") was to be 20 existing ordinary shares of 62 69/88 pence each for 17 newordinary shares with a proposed nominal value of 73 19/22 pence each. If the announced consolidation of the ordinary shares of the Company and theBonus Issue are approved at the EGM, the Issuer confirms that there will be noadjustment to the Conversion Price, pursuant to Condition 6 (b)(i) and (iii) ofthe Terms and Conditions of the Bonds. Accordingly, the Conversion Price willremain at £8.53 pence per ordinary share from and including the date theconsolidation and the Bonus Issue become effective, which is expected to be 16July 2007. Before, on or after 16 July 2007, the number of Ordinary Shares to be deliveredper Bond on the exercise of a Conversion Right, calculated pursuant to Condition6 of the Terms and Conditions of the Bonds, will be 45. By 3i Group plc This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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