Firsova, market price is market price. If those hybrid holders...

Firsova, market price is market price. If those hybrid holders can't accept it that's their bad luck or should i say bad investment decision.

hybrids, like ordinary shares, are at the mercy of the market, if hybrid holders did not know this when they bought them they should, in future, seek better financial advice before investing. The premium they paid and forgoing voting rights was to have their hands on the dividends before the ordinary holders got their share, thats why it is called a hybrid and not a straight forward - loan.

If for example the market price for the shares and hence hybrids increased to an equated $198 per hybrid would the hybrid holders accept a conversion based on $100, i wouldn't think so..