Convertible Bond Exchange Price Adjustment Notice


 

TIDM35LY TIDMIPR 
 
RNS Number : 1388A 
International Power (Jersey) Ltd 
02 October 2009 
 

NOTICE TO HOLDERS OF 
INTERNATIONAL POWER (JERSEY) LIMITED 
US$252,500,000 3.75 PER CENT. GUARANTEED CONVERTIBLE BONDS DUE 2023 
convertible into 3.75 per cent. redeemable preference shares of International 
Power (Jersey) Limited which are immediately exchanged for ordinary shares of 
and unconditionally guaranteed by 
INTERNATIONAL POWER PLC 
ISIN: XS0173110262 
NOTICE OF ADJUSTMENT TO THE EXCHANGE PRICE 
Adjustment Event 
On 11 August 2009, International Power plc announced that on 29 October 2009 it 
would pay a cash Dividend of 4.25 pence per ordinary Share to Shareholders on 
the register of members on the record date of 2 October 2009. 
Adjustment of Exchange Price 
Each US$1,000 principal amount of a Bond is convertible into one Preference 
Share with a paid-up value of US$1,000. The Preference Shares will be delivered 
to International Power plc following the issue of such Preference Shares to the 
Bondholder, in consideration for which International Power plc will deliver such 
number of Shares as results from dividing the paid up value of each Preference 
Share (translated into pounds sterling at the fixed exchange rate of US$1.5893 = 
GBP1) by the Exchange Price in effect on the Conversion Date (rounded down to 
the nearest whole number of Shares). 
Clause 7 of the Preference Share Guarantee and Undertaking requires an 
adjustment to be made to the Exchange Price in accordance with the terms of the 
schedule thereto on the occurrence of certain corporate events. As a result of 
the announcement by International Power plc that it will pay a cash Dividend to 
the Shareholders, an adjustment to the Exchange Price is required pursuant to 
paragraph B(iii) of the schedule. 
The current Exchange Price is 157 pence. 
From and including 29 October 2009, being the date of payment of the cash 
Dividend, the Exchange Price will be adjusted to 154 pence. All other Terms and 
Conditions of the Bonds remain unchanged. 
Conversion Agent 
Deutsche Bank AG London 
Effective Date of Exchange Price Adjustment 
The adjustment to the Exchange Price will become effective on 29 October 2009. 
Defined Terms 
All words and terms that are capitalised herein shall have the same meaning as 
set out in the Terms and Conditions of the Bonds. 
02 October 2009 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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