Netcare adjusts conversion price of ZAR 1.7 billion 6% convertibles

By Marisa Wong

Madison, Wis., Jan. 24 - Netcare Ltd. said that it has adjusted the conversion price of its ZAR 1.7 billion 6% convertible bonds due 2011 to ZAR 14.67 per ordinary share, effective Jan. 24.

The price adjustment was made in connection with a final dividend and capital distribution for the year ended Sept. 30 announced on Nov. 15.

Sandown, South Africa-based Netcare is an investment holding company that operates a private hospital network in South Africa and the United Kingdom through its subsidiaries.

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