Variation of Terms of 7% Convertible Unsecured Loan Stock
03/04/2002
On 31 March 2000, Intercede issued £450,000 of 7% convertible unsecured loan stock (“the Convertible Loan Stock”). The Convertible Loan Stock was due to be redeemed at par, unless previously redeemed or converted, on 31 March 2002.
Intercede today announces that the holders of the Convertible Loan Stock have agreed to a variation of its terms. Following this agreement, the Convertible Loan Stock will now carry a coupon of 5% (reduced from 7%) and will be redeemed at par, unless previously redeemed or converted, on 31 March 2007. The conversion price of 41.4p remains unchanged.
###
Enquiries:
Intercede Group plc
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
Tel. 01455 558111
College Hill
Archie Berens
archie.berens@collegehill.com
Clare Warren
clare.warren@collegehill.com
Tel. 020 7457 2020
Back to top