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Biotech / Medical : Trinity Biotech (TRIBY)

TRIB 0.885

+6.6%

3:59 PM EST

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To: AgAuUSA who wrote (9752)	7/19/1998 9:15:00 PM
From: AgAuUSA	Read Replies (1) of 14328

<<I think around 3MM worth but its all in the last annual report...read carefully you'll find it>> Right. <<I believe they are described in a 5 or 6 line paragraph at the bottom of one of the pages..page 23>> Wrong. 1997 Trinity Bio Annual Report, Page 29. "In connection with the acquisition of Centocor UK Holdings Ltd. on June 25, 1997, the company completed a private placement of US$3,000,000 principal amount of 4% Convertible Debentures. The Debentures bear interest at the rate of 4% per annum, payable quarterly, and mature on December 24, 1999. The Debentures are convertible into "A" Ordinary Shares of the Company at a price equal to the lower of (i)the average closing bid price of the Company's ADR's on the five trading days prior to conversion, subject to a discount which ranges from 10% for conversions made within the first 120 days after issuance to 22.5% for conversions made on or after 181 days after issuance, or (ii) $3.78.

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