| Fri 22 May 2009, 17:10 | | LBT - Liberty International Plc - GBP240 000 000 3.95 per cent. Convertible |
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LBT
LILII
LBT - Liberty International Plc - GBP240,000,000 3.95 per cent. Convertible
Bonds due 2010 of which GBP79,244,000 is currently outstanding
LIBERTY INTERNATIONAL PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILI I
LIBERTY INTERNATIONAL PLC (the "Issuer")
GBP240,000,000 3.95 per cent. Convertible Bonds due 2010 of which GBP79,244,000
is currently outstanding (the "Bonds")
(ISIN: XS0176967262; Common Code: 017696726)
In accordance with the terms and conditions of the Bonds (the "Conditions"),
as set out in the Offering Circular dated 13 October 2003 relating to the
Bonds, notice is hereby given to Bondholders pursuant to Condition 5(k) that
in connection with the pricing details of the Firm Placing and Placing and
Open Offer announced by the Issuer on 28 April 2009, the Conversion Price of
the Bonds will be adjusted pursuant to Condition 5(b) from GBP8 per Ordinary
Share to GBP7.16 per Ordinary Share with effect from 28 May 2009. If Bondholders
were to exercise Conversion Rights prior to the date of such adjustment they
would pay a Conversion Price of GBP8 per Ordinary Share.
Words and expressions defined in the Conditions shall have the same meaning when
used in this announcement.
22 May 2009
Joint Sponsors:
Merrill Lynch South Africa (Pty) Limited and UBS South Africa (Pty) Limited
Date: 22/05/2009 17:10:01 Produced by the JSE SENS Department.
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