The holders of subordinated bonds mandatorily convertible into shares issued by Banco Popular on April 26, 2012 may convert all or part in new shares of the company between 4 and 24 August inclusive, within a new voluntary conversion period, reported Friday the bank to the National Securities Market Commission (CNMV).
The current conversion price of the bonds is 17.69 euros per share, except for variation in the same application of the anti-dilution mechanisms, in which case a new conversion price will be calculated.
All holders of these bonds, or opt for conversion, shall be entitled to compensation corresponding to the period of accrual of current remuneration, started last May 25.
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