Conversion price

From ACT Wiki
Revision as of 22:06, 4 August 2013 by imported>Doug Williamson (Spacing)
Jump to navigationJump to search

The specified price at which the principal or nominal value of convertible securities may be converted into the underlying shares.

For example, say the nominal value of the convertible bonds is £100, and each convertible bond may be converted into 40 ordinary shares. The conversion price = £100/40 = £2.50.

See also