Bristow Group Announces Conversion Rate for Its Mandatory Convertible Preferred Stock

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Beacon Rise Holdings Plc	LSE:BRS	London	Ordinary Share	GB00BMC0V753	ORD GBP1.00

Share Name

Share Symbol

Market

Type

Share ISIN

Share Description

Beacon Rise Holdings Plc

LSE:BRS

London

Ordinary Share

GB00BMC0V753

ORD GBP1.00

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	80.00	70.00	90.00	80.00	80.00	80.00	0.00	01:00:00

Price Change

% Change

Share Price

Bid Price

Offer Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

0.00

0.00%

80.00

70.00

90.00

80.00

0.00

01:00:00

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Offices-holdng Companies,nec	0	-93k	-0.0829	-9.65	897.6k

Industry Sector

Turnover

Profit

EPS - Basic

PE Ratio

Market Cap

Offices-holdng Companies,nec

-93k

-0.0829

-9.65

897.6k

Bristow Group Announces Conversion Rate for Its Mandatory Convertible Preferred Stock

14/09/2009 12:00pm

PR Newswire (US)

Beacon Rise (LSE:BRS)
Historical Stock Chart

From Jun 2019 to Jun 2024

HOUSTON, Sept. 14 /PRNewswire-FirstCall/ -- Bristow Group Inc. (NYSE: BRS), a leading provider of helicopter services to the offshore energy industry, announced today that the mandatory conversion of all outstanding shares of its mandatory convertible preferred stock will occur on September 15, 2009. Based on the average closing price of Bristow common stock over the 20 consecutive trading days ending on the third trading day prior to the conversion date of September 15, 2009 of $30.25 per share, each outstanding share of its mandatory convertible preferred stock, unless previously converted, will automatically convert into 1.418 shares of Bristow common stock. Since there are 4,600,000 shares of its mandatory convertible preferred stock outstanding as of the date hereof, Bristow will issue approximately 6,522,800 shares of its common stock upon conversion. Bristow Group Inc. is a leading provider of helicopter services to the worldwide offshore energy industry based on number of aircraft operated. Through its subsidiaries, affiliates and joint ventures, the Company has major operations in the U.S. Gulf of Mexico and the North Sea, and operations in most of the other major offshore oil and gas producing regions of the world, including Alaska, Australia, Brazil, Mexico, Nigeria, Russia and Trinidad. The Company's mandatory convertible preferred stock trades on the NYSE under the symbol BRS Pr. For more information, visit the Company's website at http://www.bristowgroup.com/. CONTACT: Linda McNeill Bristow Group Inc. (713) 267-7622 DATASOURCE: Bristow Group Inc. CONTACT: Linda McNeill of Bristow Group Inc., +1-713-267-7622 Web Site: http://www.bristowgroup.com/

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BRS Beacon Rise Holdings Plc