Re Convertible Loan Stock
03 April 2002 - 9:00AM
UK Regulatory
RNS Number:9111T
Intercede Group PLC
3 April 2002
INTERCEDE GROUP plc
("Intercede" or "the Company")
Variation of Terms of 7% Convertible Unsecured Loan Stock
On 31 March 2000, Intercede issued £450,000 of 7% convertible unsecured loan
stock ("the Convertible Loan Stock"). The Convertible Loan Stock was due to be
redeemed at par, unless previously redeemed or converted, on 31 March 2002.
Intercede today announces that the holders of the Convertible Loan Stock have
agreed to a variation of its terms. Following this agreement, the Convertible
Loan Stock will now carry a coupon of 5% (reduced from 7%) and will be redeemed
at par, unless previously redeemed or converted, on 31 March 2007. The
conversion price of 41.4p remains unchanged.
3 April 2002
ENQUIRIES:
Intercede Group plc Tel. 01455 558111
Andrew Walker, Finance Director
College Hill Tel. 020 7457 2020
Archie Berens E-mail:archie.berens@collegehill.com
Clare Warren E-mail:clare.warren@collegehill.com
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