PA Resources Underscores Exercise of Convertible Bonds
On September 30, 2009, an additional 1,177,206 new shares in PA Resources AB (publ) were registered with the Swedish Companies Registration Office as a result of completed conversions of PA Resources' convertible 2008/2014.
1,177,206 new shares in PA Resources AB (publ) have been registered with the Swedish Companies Registration Office as a consequence of convertible bonds with a nominal value of SEK 18,835,296 being exercised for conversion. The conversion price is 16 SEK per share.
Following the conversions, PA Resource's share capital is SEK 81,965,984.50 divided into 163,931,969 shares. The total loan amount of outstanding convertible bonds amounts to SEK 1,045,424,592 after the conversion.
The registered share capital increase relates to applications for conversion filed during the fourth week of September, ending on September 25, 2009. The conversion period runs throughout the month of September. So far, a total of 7,417,965 new shares have been registered as a consequence of conversions. For more information, see press releases from September 11, 21 and 28, 2009.
After the registration with the Companies Registration Office, the new shares will be transferred to the holder's VP account or deposit, which is expected to take up to approximately six business days. Trading on NASDAQ OMX Nordic in Stockholm and Oslo Stock Exchange may commence when the holder can see that the new shares are available on his/her VP account or deposit.
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