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Hansteen lowers conversion price of €100 million 4% bonds to £0.9334
By Wendy Van Sickle
Columbus, Ohio, May 1 – Hansteen (Jersey) Securities Ltd. has lowered the conversion price of its €100 million 4% convertible bonds due 2018 to £0.9334 from £0.9725, according to a filing with the London Stock Exchange.
The change took effect April 24, and all other conditions of the bonds, convertible into shares in Hansteen Holdings plc, remain unchanged, according to the filing.
On March 17, Hansteen announced that on May 21 it would pay a second interim dividend of 3 pence per ordinary share for the year ended Dec. 31 and a special dividend of 3 pence per ordinary share to shareholders listed on Hansteen’s register of members on April 24, the final dividend. Combined with the interim cash dividend of 2 pence per ordinary share announced Aug. 27, 2014, this amounts to a total cash dividend of 8 pence per ordinary share.
London-based Hansteen is a European industrial real estate investment trust.
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