Scottish and Southern sweetens conversion price of 3.75% convertibles due 2009

By Devika Patel

Knoxville, Tenn., June 5 - Scottish and Southern Energy plc said it has adjusted the conversion price on its 3.75% convertible bonds due 2009 to 888p from 900p, effective Sept. 26.

The change is due to a 60.5p per ordinary share dividend payment that the company announced on May 29 and plans to make on Sept. 26.

Scottish and Southern, a Perth, Scotland, natural gas and electricity utility, will use proceeds for general corporate purposes.

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