Shire Pharmaceuticals says holders of $366.2 million of 2% convertibles exercise put

Pittsburgh, Aug. 23 - Shire Pharmaceuticals Group plc said the holders of $366.2 million, or 99%, of the 2% guaranteed convertible notes due 2011 issued by Shire Finance Ltd. exercised their option to put the notes back to the issuer.

Following the put, the total principal amount of the notes outstanding is $4.03 million.

Repayment will be funded from Shire group's existing cash resources.

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