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United States : 3D Systems Announces Convertibility of its 5.50% Senior Convertible Notes due 2016.

3D Systems Corporation announced today that it is delivering a notice to holders of its 5.50% Senior Convertible Notes due 2016 that as a result of satisfaction of the stock price condition, the notes are convertible in the quarter ending September 30, 2012.

The Notes are convertible Pursuant to Section 11.01 (1) Conversion Based on Satisfaction of Stock Price Condition of the Indenture, which provides that the notes are convertible if the Closing Sale Price of the Common Stock for at least 20 Trading Days during the period of 30 consecutive Trading Days ending on the last Trading Day of the fiscal quarter ended June 30, 2012 was greater than or equal to 130% of the applicable Conversion Price in effect on such last Trading Day. Holders have the right to convert the Notes during the quarter ending September 30, 2012.

Holders of Senior Convertible Notes who are interested in exercising their right to convert should follow the procedures detailed in the Indenture, which was filed with the Securities and Exchange Commission ( SEC ) as an exhibit to 3D Systems Form 8-K filed on November 22, 2011 and is available free of charge on the SEC s website.

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Publication:Mena Report
Date:Jul 21, 2012
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