21 March 2012
Muscat: BankMuscat said 50 per cent of a bond issue, representing 16.157 million bonds, was converted into common equity shares on March 20, 2012.
The price for the conversion was RO0.515 and has been calculated at a twenty per cent discount to the average closing market price, over the preceding 90 calendar day period prior to the conversion date.
This has been adjusted for the impact of bonus shares issued on March 18, 2012, BankMuscat said in a stock market filing.
The rest 50 per cent of convertible bonds will be converted into equity on March 20, 2014.
Muscat: BankMuscat said 50 per cent of a bond issue, representing 16.157 million bonds, was converted into common equity shares on March 20, 2012.
The price for the conversion was RO0.515 and has been calculated at a twenty per cent discount to the average closing market price, over the preceding 90 calendar day period prior to the conversion date.
This has been adjusted for the impact of bonus shares issued on March 18, 2012, BankMuscat said in a stock market filing.
The rest 50 per cent of convertible bonds will be converted into equity on March 20, 2014.
© Times of Oman 2012
