Group Press Releases
Aegis Group plc Successfully Completes Convertible Bond Issue to Raise €150m
16 April 2002
Aegis Group plc ("Aegis"), announces that the terms for its
€150m Senior Unsecured 2 per cent Convertible Bonds
due 2006 (the "Bonds") have been fixed as follows:
the initial conversion price has been set at 149.8 pence per share,
which represents a 30 per cent premium over the VWAP reference
price of 115.23 pence; and
the redemption price has been set at 107.95 per cent giving a yield
to maturity of 3.875 per cent. Application will be made for the
Bonds to be admitted to the Official List of the UK Listing
Authority and to the London Stock Exchange plc for the Bonds to be
admitted to trading on the London Stock Exchange's market for
listed securities.
The Bonds will be offered outside the United States in compliance with Regulation S. In addition, Aegis has granted the managers of the issue an over allotment option in respect of up to an additional €15m of Bonds.
Société Générale SA is acting as sole Bookrunner and Joint-Lead Manager to Aegis on this transaction. ABN AMRO Rothschild is Joint-Lead Manager and Broker.
