Convertible bond

As part of the arrangements for the financing of the acquisition of Spirit Group Holdings Ltd, Punch issued £275m of 5% Convertible Bonds due 2010. The bonds were issued by Punch Taverns (Redwood Jerseyco) Ltd, a company registered in Jersey and were guaranteed by Punch Taverns plc.
 
A copy of the Offering Circular published in January 2006 is available to download here in pdf format (file size 531kb).

Following the payment of the interim dividend on 27 June 2008 an adjustment was required to the Exchange Price of the bonds. Click here for the notice in pdf format (file size 14kb).
 
These document are directed at persons having professional experience in matters relating to investments.
 
If you have any questions on this information please contact the company via investors@punchtaverns.com.