Additionally, the company declared a quarterly dividend of USD1.6250 per share of its 6.50% mandatory convertible
(NYSE: BDC), a global provider of high quality, end-to-end signal transmission solutions for mission-critical applications, has announced that, in accordance with Belden's Certificate of Designations, all of its outstanding 6.75% Series B Mandatory Convertible
Preferred Stock (the "Mandatory Convertible
Preferred Stock") will automatically convert into shares of Belden common stock on July 15, 2019 (the "Mandatory Conversion Date"), at the conversion rate of 132.50 shares of common stock per share of Mandatory Convertible
Preferred Stock (or 1.3250 shares of common stock per depositary share, each of which represents a 1/100th fractional interest in a share of the Mandatory Convertible
Preferred Stock (NYSE: BDC PR B) (the "Depositary Shares")), the company said.
TELECOMWORLDWIRE-July 17, 2019-Belden announces conversion of 6.75% Series B mandatory convertible
In addition, the Board of Directors has declared a quarterly dividend of $15.3125 per share on the 6.125% mandatory convertible
preferred stock, Series A, payable on August 1, 2019 to holders of record on July 15, 2019.
iClick Interactive Asia Group Limited announced the sale at par of $30 million in aggregate principal amount of mandatory convertible
notes due September 12, 2023 to a fund managed by LIM Advisors Limited, a non-U.S.
TULSA WPX Energy on Monday announced the expected conversion rate for the company's 6.25 percent Series A mandatory convertible
preferred stock issued on July 22, 2015.<br />Tulsa-based has 4.8 million shares of preferred stock outstanding.
commenced a public offering of 2,500,000 shares of its Series D Mandatory Convertible
Preferred Stock, par value $1.00 per share with a liquidation preference of $100.00 per share, subject to market conditions.
(NASDAQ: VRTS) is commencing concurrent underwritten public offerings of USD 100m of common stock and USD 100m of mandatory convertible
preferred stock with a liquidation preference of USD 100.00 per share, the company said.
"The company denies the appointment of any legal adviser in connection with bringing in a strategic investor or issuance of mandatory convertible
bonds," the company told the Dubai Financial Market (DFM).
Whilst the company has sought to issue a mandatory convertible
bond, aimed at strengthening capital adequacy, the process is taking longer than anticipated and has raised concerns regarding the company's financial flexibility and ability to manage capitalisation effectively.
M2 PHARMA-January 4, 2016-Teva's offering of ADSs and mandatory convertible
preferred shares receives exercise of over-allotment option by underwriters
Dubai - Renaissance Services shareholders have approved plans for the company to buy back mandatory convertible
bonds issued in 2012 and issue perpetual bonds, the Omani firm said on TuShareholders endorsed the repurchase of 43.2 million rials ($112.2 million) worth of mandatory convertible
bonds, the company said in a bourse statement, adding that the buy-back was conditional on financing being available.