Past year: ▲ 82%(22.34 – 43.91 USD)
Each one in plain English, with the numbers worked through for a shareholder.
30 May 2008capital raising announcement● Neutral
This amendment updates the May 20 report with final results of the redemption of the 3 1/4% Convertible Senior Notes due 2033. Holders converted $299.7 million of notes and $254,000 was redeemed for cash, so none remain outstanding. Pride paid about $300.0 million in cash and issued about 5.0 million shares (4,987,332 per the table), so the convertible debt is gone with modest dilution.
20 May 2008capital raising announcement● Neutral
After Pride called its 3 1/4% Convertible Senior Notes due 2033 for redemption on May 16, 2008, holders converted notes into stock and the rest were redeemed, leaving none outstanding. This filing reports conversions to May 7 (about $165.3 million of principal, paid in cash plus a small number of shares); a later amendment gives the final totals.
25 Apr 2005capital raising announcement● NeutralMajor
Between March 3 and April 24, 2005, holders converted about $299,969,000 of the 2 1/2% Convertible Senior Notes due 2007 into 18,168,903 new Pride shares. Pride redeemed the remaining $31,000 on April 25. This resolves the March redemption call: the debt is gone, replaced by new shares, so existing shareholders are diluted.
