Pengrowth Energy Corp. will delist its 6.25-per-cent convertible unsecured subordinated debentures, Series A, due Dec. 31, 2014, from the Toronto Stock Exchange at the close of business on Dec. 31, 2014, according to the TSX.

The exchange reports the company will pay the debentureholders $1,031.25 per $1,000 of principal amount. Alternatively, holders can convert the principal of their debentures into Pengrowth shares at $19.186 per share before the close of business (Calgary time) on Dec. 30, 2014. This represents 52.1213 shares per $1,000 of principal amount.

All trades in the debentures completed on Dec. 24, 2014, will be for special settlement on Dec. 30, 2014. All trades completed on Dec. 29, 2014, will settle on the next day in cash. All trades completed on Dec. 30, 2014, will settle on the same day in cash. The TSX will halt trading in the debentures at the open on Dec. 31, 2014.