il parametro sotto il quale scatta la conversione e' del 5,25 ma non son riuscito a capire il rapporto di conversione obbligazioni / equity
The Preferred Securities are mandatorily and irrevocably
convertible into newly issued Common Shares at the
Conversion Price in the event of the occurrence of a Trigger
Event.
Conversion Price: If the Common Shares are (a) then admitted to trading on a
Relevant Stock Exchange, the Conversion Price will be the
higher of: (i) the Current Market Price of a Common Share, (ii)
the Floor Price and (iii) the nominal value of a Common Share
(being €0.50 on the Closing Date) or (b) not then admitted to
trading on a Relevant Stock Exchange, the conversion price
will be the higher of (ii) and (iii) above.
The Floor Price is subject to adjustment in accordance with
Condition 5.3.