Student Transportation Inc.'s 6.25-per-cent convertible subordinated unsecured debentures will be halted at the open on Sept. 19, 2016, and delisted at the close on the same day, according to the Toronto Stock Exchange. The TSX reports that Student Transportation will redeem the debentures on Sept. 19, 2016, for $1,013.89 (U.S.) per $1,000 (U.S.) principal amount of debentures. This redemption price represents $1,000 (U.S.) principal amount, and $13.89 (U.S.) of accrued and unpaid interest up to, but excluding, the redemption date.

According to the TSX, debentureholders have the option to convert the debentures into shares of the company until Sept. 16, 2016, at $9.50 (U.S.) per share. This conversion price represents a conversion rate of approximately 105.2632 shares per $1,000 (U.S.) principal amount of debentures.

The TSX reports that all trades on Sept. 14, 2016, Sept. 15, 2016, and Sept. 16, 2016, will settle on Sept. 16, 2016.