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Prospect News home > News index > List of issuers S > Headlines for SVG Capital plc > News item
Published on 6/2/2014 in the Prospect News Convertibles Daily.

SVG Capital lowers conversion price of 8.25% convertibles to £6.42

By Angela McDaniels

Tacoma, Wash., June 2 - SVG Capital plc changed the conversion price of its £120 million 8.25% convertible bonds due 2016 to £6.42 per share from £6.44 per share, according to a company filing with the London Stock Exchange.

The adjustment was made Monday as a result of a tender offer that closed the same day. The company purchased 10.42 million ordinary shares for 480p each for a total of £50 million in the tender offer.

The company's shares closed at 427.8p (London: SVI) on Monday.

SVG is a private equity investor and fund management business based in London.


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