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Prospect News home > News index > List of issuers P > Headlines for Premier Oil plc > News item
Published on 6/6/2014 in the Prospect News Convertibles Daily.

Premier Oil Finance adjusts exchange rate on 2.5% convertibles due 2018

By Tali Rackner

Norfolk, Va., June 6 – Premier Oil Finance (Jersey) Ltd. adjusted the exchange price on its $245,324,000 2.5% guaranteed convertible bonds due 2018, according to a filing with the London Stock Exchange.

Effective May 21, the exchange price was adjusted to £4.21 from £4.28.

The adjustment was made as a result of a dividend of 5p per ordinary share paid to members of record on April 22.

Deutsche Bank AG, London Branch is the exchange agent.


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