Business
Adjustment to Conversion Price
Adjustment to Conversion Price.
About this update from Derwent London Plc
[{"type":"text","content":"\n \nRNS Number : 9158X Derwent London PLC 02 May 2019 \n\n \n \n \n \nDerwent London plc\n \n \n \nNOTICE TO THE HOLDERS OF DERWENT LONDON CAPITAL NO. 2 (JERSEY) LIMITED (the \"Issuer\") £150,000,000 1.125 PER CENT. GUARANTEED CONVERTIBLE BONDS DUE 2019 (the \"Bonds\") GUARANTEED BY DERWENT LONDON PLC (the \"Guarantor\") (ISIN: XS0954745351)\n \nPursuant to Article 2.4.5(F) of the Articles of the Issuer and Condition 17 of the terms and conditions of the Bonds (the \"Conditions\"), as set out in the Trust Deed dated 24 July 2013 between the Issuer, the Guarantor and BNY Mellon Corporate Trustee Services Limited and constituting the Bonds, notice is hereby given to Bondholders that, as a result of the Guarantor's final dividend of 46.75p per Ordinary Share, payable on 7 June 2019 to holders of record on 3 May 2019, the Exchange Price of the Bonds is to be adjusted from GBP 31.7764 per Ordinary Share to GBP 31.4314 per Ordinary Share with effect from 2 May 2019.\n \nWords and expressions defined in the Conditions shall have the same meaning when used in this notice.\n \n \n2 May 2019\n \n \nFor further information, please contact:\n \nDerwent London plc\nDamian Wisniewski, Finance Director\nJay Joshi, Treasurer\nTel +44 (0)20 7659 3000\[email protected]\n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END STRUGUWPAUPBGGP\n ","length":2647,"tagName":"div"}]