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| Name | Symbol | Market | Type |
|---|---|---|---|
| Nec Fin.7.5625% | LSE:55KJ | London | Bond |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 142.973 | 0 | 00:00:00 |
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RNS Number:1779K
City of Birmingham
24 March 2005
NEC Finance plc today announced that, in conjunction with the Exchange Offer
Memorandum issued today by Birmingham City Council (the "City") in relation to
an offer to exchange approximately #215,000,000 in aggregate principal amount of
Notes due 2030 of the City for any and all outstanding (i) #100,000,000
10 5/8 per cent. Debenture Stock due 2016 and (ii) #115,000,000 13 5/8
per cent. Debenture Stock due 2016 each of NEC Finance plc (the "NEC Debenture
Stock"), they have notified the holders of NEC Debenture Stock (the
"Stockholders") of a meeting of Stockholders to be held on 18 April 2005, in
order to approve a Stockholders' resolution accepting the exchange offer on the
terms set out in the Exchange Offer Memorandum. UBS Investment Bank will manage
the exchange.
Contacts:
UBS Investment Bank
Rob Ritchie
Tel: +44 207 567 3348
Carlo Las Marias
Tel: +44 207 568 3118
Tim Lacey
Tel +44 207 567 8940
This information is provided by RNS
The company news service from the London Stock Exchange
END
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