Summary
Newmont Mining Corporation announced on April 12, 2002, its intention to redeem all outstanding shares of its $3.25 Convertible Preferred Stock. The redemption date is set for May 15, 2002, with the record date for shareholders to receive notice being April 15, 2002. Holders of this preferred stock will receive a notice of redemption on April 15, 2002. This action is significant for investors holding the Convertible Preferred Stock as it signals a potential end to their investment in this security. Investors will need to review the terms of the redemption notice to understand their options, including the redemption price and any conversion rights they may still exercise before the redemption date. The filing of the Redemption Notice as an exhibit provides the detailed terms of this corporate action.
Key Highlights
- 1Newmont Mining Corporation is calling for the redemption of all outstanding $3.25 Convertible Preferred Stock.
- 2The redemption date is scheduled for May 15, 2002.
- 3The record date for holders to receive the redemption notice is April 15, 2002.
- 4A formal Redemption Notice was mailed to holders of record on April 15, 2002.
- 5The Redemption Notice is filed as an exhibit to this 8-K report.
- 6The filing date of this 8-K is April 15, 2002, reporting events on April 12, 2002.