28th Aug 2007 18:08
Scottish & Southern Energy PLC28 August 2007 Transaction in own shares / Convertible Bond disclosure Scottish and Southern Energy plc announces that Merrill Lynch International haspurchased on 28 August 2007, on the Company's behalf, 500,000 of its OrdinaryShares at an average price of £13.943 per share for cancellation. Since it first purchased its own shares in this financial year, on 7 June 2007,the Company has now purchased 11,185,000 of its own shares for cancellation at aweighted average price (before costs) of £14.392 and an aggregate considerationof £160,973,735. The Company also has an outstanding 3.75% convertible bond which matures on 29October 2009, with an initial issue size of £300,000,000. To date, holders haveexcercised their option to exchange their bonds for Ordinary Shares in theCompany at £9 per share, in respect of bonds totalling £133,593,000 nominalvalue. New shares issued as a consequence of these conversions total 14,843,655.A nominal value of £166,407,000, or 55.47% of the original bond issue, remainsoutstanding. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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