Aquila Accepts Tendered Premium Income Equity Securities.KANSAS CITY, Mo. -- Aquila, Inc. (NYSE NYSE See: New York Stock Exchange : ILA ILA abbr. insulinlike activity ) today announced that it has accepted for conversion all of its 6.75% Premium Income Equity Securities(SM) ("PIES(SM)") that were tendered pursuant to Aquila's exchange offer prior to the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. at midnight, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on July 6, 2005. A total of 13,642,945 PIES were tendered for conversion, representing 98.9% of the PIES outstanding. Holders of the tendered PIES will receive a conversion premium of 1.5896 shares of Aquila common stock per PIES, in addition to the 8.0386 shares of Aquila common stock per PIES that holders will receive upon the optional conversion in accordance with the existing terms and conditions of the PIES. This conversion will result in the issuance of 131.357 million shares of Aquila common stock. Based in Kansas City, Missouri Kansas City is the largest city in the state of Missouri. It encompasses parts of Jackson, Clay, Cass, and Platte counties and is the anchor city of the Kansas City Metropolitan Area, the second largest in Missouri, which includes counties in both Missouri and Kansas. , Aquila operates electricity and natural gas distribution utilities serving customers in Colorado, Iowa, Kansas, Michigan, Minnesota, Missouri and Nebraska. The company also owns and operates power generation assets. At March 31, 2005, Aquila had total assets of $4.7 billion. More information is available at www.aquila.com. |
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