Scheduled Mandatory Conversion: Unless previously redeemed, converted, or purchased and cancelled, the Notes shall be redeemed and settled in three equal installments by the conversion of a third of the original aggregate principal amount of the Notes into new fully paid Shares issued and delivered to the Noteholders in the manner described in Condition 11 (Procedure for Conversion) ("Scheduled Mandatory Conversion") on the following dates (each, a "Scheduled Conversion Date"):
(i) the Payment Business Day falling on or closest to 29 March 2013;
(ii) the Payment Business Day falling on or closest to 29 September 2013; and
(iii) the Payment Business Day falling on or closest to 29 March 2014.
"Reference Market Price" means in respect of a Share on any Exchange Business Day, the average of the daily VWAP of a Share on each of the 15 consecutive Exchange Business Days ending on and including such Exchange Business Day (the "Reference Period"); provided that, if at any time during the Reference Period the VWAP shall have been based on a price ex-Dividend (or ex- any other entitlement) and during some other part of that Reference Period the VWAP shall have been based on a price cum-Dividend (or cum- any other entitlement), then:
VAmos mi conclusión....
Que se convierte 1/3 en cada una de las fechas con la media de los 15 días anteeriores o el 0,75 por la cotización del día anterior a la conversión o un euro, lo que sea más alto.