American Stock Exchange Lists SPARQS Exchangeable For Newmont Mining Corporation
27 April 2004 - 2:51AM
PR Newswire (US)
American Stock Exchange Lists SPARQS Exchangeable For Newmont
Mining Corporation NEW YORK, April 26 /PRNewswire/ -- The American
Stock Exchange(R) (Amex(R)) today began trading Morgan Stanley
6.25% Stock Participation Accreting Redemption Quarterly-pay
Securities ("SPARQS") mandatorily exchangeable for shares of common
stock of Newmont Mining Corporation. Trading under the ticker
symbol NEH, the 1.5 million shares of the new securities were
issued at $10.10 with a maturity date of May 15, 2005. At maturity,
holders will receive 0.25 shares of Newmont Mining Corporation
common stock in exchange for each SPARQS, subject to the issuer's
right to call the SPARQS for the cash call price. The issuer is
Morgan Stanley and the Amex specialist unit for the new listing is
Wolverine Trading LLP. If you would like to receive a copy of the
prospectus for NEH, please contact the Capital Markets Group at the
American Stock Exchange at (212) 306- 1659. The American Stock
Exchange(R) (Amex(R)) is the only primary exchange that offers
trading across a full range of equities, options and exchange
traded funds (ETFs), including structured products and HOLDRS(SM).
In addition to its role as a national equities market, the Amex is
the pioneer of the ETF, responsible for bringing the first domestic
product to market in 1993. Leading the industry in ETF listings,
the Amex lists 138 ETFs. The Amex is also one of the largest
options exchanges in the U.S., trading options on broad-based and
sector indexes as well as domestic and foreign stocks. For more
information, please visit http://www.amex.com/. DATASOURCE: The
American Stock Exchange CONTACT: Jeanette Volpi of The American
Stock Exchange, +1-212-306-1650, Web site: http://www.amex.com/
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