ITV to adjust 4% guaranteed convertible conversion price to 69p

By Tali David

Minneapolis, May 2 - ITV plc will adjust the conversion price on its 4% guaranteed convertibles due 2016 to 69 pence on May 2, according to a filing with the London Stock Exchange.

The conversion is due to the company's plan to pay a final cash dividend of 1.20p per ordinary share to the shareholders listed on its register of members on May 4.

ITV is a London-based media company.

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