Convertible Notes Notice of Conversion Price Adjustment
Washington H. Soul Pattinson and Company Ltd
Key points
- Conversion price adjusted from A$42.1164 to A$41.5891
- Adjustment due to fully franked interim cash dividend of A$0.44 per share
- Dividend payable to shareholders on record as of 16 April 2025
Full summary
Washington H. Soul Pattinson and Company Limited, an Australian public company, has announced a notice to noteholders regarding the adjustment to the conversion price of its A$450 million 2.875% Senior Convertible Notes due 2030. The adjustment is effective as of 15 April 2025 and is due to the fully franked interim cash dividend of A$0.44 per share payable to shareholders on record as of 16 April 2025. As a result, the conversion price has been adjusted from A$42.1164 to A$41.5891 in accordance with the terms and conditions of the notes. The company has stated that capitalised terms not otherwise defined in the announcement shall have the meanings given to them in the terms and conditions of the notes.