GBP240m 3.95 per cent. Convertible Bonds due 2010 - Adjustment to
Conversion Price
Liberty International PLC
22 May 2009
LIBERTY INTERNATIONAL PLC (the "Issuer")
£240,000,000 3.95 per cent. Convertible Bonds due 2010
of which £79,244,000 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 £8 per Ordinary Share to
£7.16 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 £8 per Ordinary
Share.
Words and expressions defined in the Conditions shall have the same
meaning when used in this announcement.
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This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
