Sharecast - The convertible notes are part of the company’s 2024 refinancing plan.
They will pay interest semi-annually on 1 June and 1 December of each year, beginning on 1 June 2023, at a rate of 5.75% per year. The notes will mature on 1 December 2027, unless earlier repurchased, redeemed or converted.
At 1145 GMT, the shares were down 13.6% at 729.40p.
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