Foster's Group Limited (Foster's) today lodged an Appendix 3B statement with the Australian Stock Exchange associated with the current status of the conversion of its US$400 million 4.75% exchangeable bonds, issued in October 2000. The bonds are redeemable on 5 October 2003, with bond holders required to nominate their intention in relation to conversion or redemption as at 5pm on 29 September 2003 New York time (7.00am AEST on 30 September 2003).
As at 9.00am AEST today, Foster's has received notification that bonds with a total face value of US$161,896,000, or 40.47% of the value of the bonds on issue are intended to be converted into 56.82 million ordinary Foster's Group shares.
The company expects to receive further information on the conversion status of the bonds from the London based trustee during the course of the day. A further release is expected to be made to the market prior to the commencement of trading on Wednesday 1 October 2003.
Media
Nicole Devlin
Tel: +613 9633 2261
Mob: 61 418 202 375
Investor Relations:
Robert Porter
Tel: +613 9633 2773
Mob: 0407 391 829
