The convertible bond

The bond convertible into existing GBL shares   ()

On 9 July 1998, GBL issued a euro-bond convertible into existing GBL shares for an amount of DEM 502.8 million and intended for foreign institutional investors. Thanks to this issue, 999,927 GBL shares could be re-injected into the market by 2003, i.e. 4,999,635 GBL shares after "division" of the GBL share by 5 on 26 April 2001.

• Maturity: 9 July 2003 (5 years) 
• Coupon: 2.5% a year payable annually on the anniversary date, 9 July. 
• Terms and conditions of conversion

Refund and conversion   ()

During the term of the bond (1998-2003), the exercise of convertible bonds led to the delivery of 397 existing GBL shares.

At the expiry date, on 9 July 2003, the bond was refunded in cash as it was not "in the money".

Conversion Notice   ()

Should a conversion be requested, you can download and fill in the conversion notice in PDF format (23 Kb). To read this document in PDF format, you need the Acrobat Reader program. 

Quotation   ()

The GBL convertible bond is quoted on the Luxembourg Stock Exchange. 

• Bloomberg code: GBL2,5 07/09/03 Corp  
• Reuters code: LU008817707=LU 

Prospectus   ()

You can consult and download the prospectus concerning the convertible bond (9 July 1998) in PDF format (237 Kb).

To read this document in PDF format, you need the Acrobat Reader. 

Would you prefer to receive a copy of the prospectus by post, contact us.