REG - British Land Co PLC - Convertible Bond Exchange Price Adjustment <Origin Href="QuoteRef">BLND.L</Origin>

British LandAnnouncement

07/01/2016 09:40

RNS Number : 1398L
British Land Co PLC
07 January 2016
NOTICE TO THE HOLDERS OF THE:
BRITISH LAND (WHITE) 2015 LIMITED (THE "ISSUER") 350,000,000 ZERO COUPON GUARANTEED CONVERTIBLE BONDS DUE 2020 (THE "BONDS") GUARANTEED BY
THE BRITISH LAND COMPANY PLC (THE "GUARANTOR")
(ISIN: XS1242977889)
Pursuant to the terms and conditions of the Bonds (the "Conditions"), as set out in the Trust Deed dated 9 June 2015 between the Issuer, the Guarantor and Capita Trust Company Limited and constituting the Bonds, notice is hereby given to Bondholders that in connection with the Cash Dividend of 7.09 pence payable on 12 February 2016 to shareholders of record on 8 January 2016, the Calculation Agent has determined that the Exchange Price of the Bonds will be adjusted from 11.0332 per Ordinary Share to 10.8896 per Ordinary Share, and the Threshold Amount will be adjusted from 3.545 pence per Ordinary Share to 3.498 pence per Ordinary Share with effect from 7 January 2016.
Capitalised terms not otherwise defined herein shall have the meanings given to them in the Conditions.
Enquiries:
Investor Relations
Sally Jones, British Land  020 7467 2942

This information is provided by RNS
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