FS Africa change-of-control offer for Lonrho bonds to end Sept. 17

By Jennifer Chiou

New York, July 19 - FS Africa Ltd. announced that the change-of-control date is July 19 for its cash offer for Lonrho plc's convertible bonds after the company's acquisition of Lonrho, which was announced on June 5, became effective on July 19.

FS Africa is offering $10,649.12 per $10,000 principal amount of the Lonrho convertibles, which is based on the change-of-control amount of $10,326.34 and accrued interest of $322.78.

The offer will end at 11 a.m. ET on Sept. 17.

Lucid Issuer Services (44 20 7704 0880) is the tender agent.

The United Kingdom-based industrial group is focused on investments in Africa.

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