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Liberty International pays cash incentive for conversion of £4.04 million 3.95% bonds
By Jennifer Chiou
New York, Dec. 24 - Liberty International plc announced that it will pay in cash £484,800 to holders who have agreed to convert £4.04 million of its 3.95% convertible bonds due 2010.
The £4.04 million of bonds represents 5% of the £83.28 million of outstanding bonds.
Liberty added that the bonds will convert into 505,000 new ordinary shares on the basis of 125 shares per £1000 of bonds converted.
Liberty International is a London real estate company.
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