The convertible in brief

In December 2008, PA Resources resolved to issue convertible bonds with preferential right for existing shareholders. The issue was completed in January 2009. Here you can find short facts about PA Resources convertible 2008/2014. For complete terms, see the prospectus.

The convertible loan in brief:

  • A total of 72,757,002 convertible bonds were issued, each with a nominal amount of SEK 16, which means that the convertible loan amounted to SEK 1,164,112,032 at the date of the issue.
  • The convertible bonds mature on January 15, 2014.
  • The convertible bonds carry a fixed annual interest of 11 percent during the duration time. The interest is paid annually on January 15 each year, first time in 2010 and last time in 2014. For more information about the payment of interest, see Questions and answers.
  • The convertible bonds can be converted into new shares during the month of September each year, the first time in September 2009 and the last time in September 2013.
  • The conversion price has been adjusted to SEK 8.52 due to the new issue of shares in 2010.

  • PA Resources had a total of 61,510,760 outstanding convertible bonds with a nominal value of SEK 16 per convertible bond at the end of the conversion period in 2011. This means that the total loan amount of outstanding convertible bonds amounted to SEK 984,172,158.

  • If conversion into new shares is not made in September 30, 2013 at the latest, the outstanding convertible loan amount will be repaid to the holder of the convertible bonds at maturity i.e. on January 15, 2014. Such repayment will include accrued interest from the last interest due date (January 15, 2013).

More information and complete terms for the convertible loan can be found in the prospectus at this website. You can also order a printed copy of the prospectus from ir@paresources.se.