SARASOTA, Fla., Jan. 15 Roper Industries, Inc. (NYSE: ROP) announced today that its Senior Subordinated Convertible Notes due 2034 (CUSIP No. 776696AA4) (the "Notes") will accrue contingent interest for the period of January 16, 2010 to July 15, 2010 at an annual rate of 0.25% of the average market price of the Notes for the five trading days ended July 13, 2010. Contingent cash interest, which the Company has determined to be approximately $0.81 per Note, will be payable to holders of the Notes as of the record date of June 30, 2010, with such payment expected to be made on July 15, 2010. Contingent interest will not be payable with respect to any Note converted prior to the July 15, 2010 interest payment date.
About Roper Industries
Roper Industries is a market-driven, diversified growth company and is a constituent of the Fortune 1000, the Russell 1000 and the S&P 500 indices. Roper provides engineered products and solutions for global niche markets, including water, energy, radio frequency and research/medical applications.
SOURCE Roper Industries, Inc.