CSO - Capital Shopping Centres Group Plc - Convertible Bonds due 2010 -
CSO
CSO
CSO - Capital Shopping Centres Group Plc - Convertible Bonds due 2010 -
Adjustment to conversion price
CAPITAL SHOPPING CENTRES GROUP PLC
(Registration number UK3685527)
ISIN Code:GB0006834344
JSE Code:CSO
Issuer Code:CSCSCG
CAPITAL SHOPPING CENTRES GROUP PLC (the "Issuer")
Convertible Bonds due 2010 - Adjustment to conversion price
GBP240,000,000 3.95 per cent. Convertible Bonds due 2010 of which GBP78,744,000
is currently outstanding (the "Bonds"), (ISIN: XS0176967262; Common Code:
017696726).
In accordance with the terms and conditions of the Bonds (the "Conditions"),
notice is hereby given to Bondholders pursuant to Condition 5(k) that in
connection with the announcement of the demerger of the Issuer`s central London
focused property investment and development businesses becoming unconditional on
7 May 2010, the Conversion Price of the Bonds was adjusted pursuant to Condition
5(b)(iii) from GBP7.08 per Ordinary Share to GBP5.31 per Ordinary Share with
effect from 10 May 2010.
Words and expressions defined in the Conditions shall have the same meaning when
used in this announcement.
19 May 2010
Susan Folger
Company Secretary
Capital Shopping Centres Group PLC
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 19/05/2010 11:37:01 Produced by the JSE SENS Department.
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