Yes - tough day for holders...
I did run some numbers here:
https://hotcopper.com.au/posts/25562340/single
It works out as roughly $800M in debt exchanged for 95-96% of equity or effectively around $0.09 per share.
They have also effectively ring-fenced any Watchstone proceeds (at least the first £250M of them).
You can always choose to vote against it, but the choice will be between getting 5% and 0% - debt holders will just push it into VA - they will win either way.
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Last
$49.22 |
Change
-0.060(0.12%) |
Mkt cap ! $20.03B | |||
| Open | High | Low | Value | Volume |
| $49.50 | $49.58 | $49.00 | $14.06M | 285.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 455 | $49.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $49.42 | 1422 | 1 |
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| Last trade - 16.13pm 18/09/2025 (20 minute delay) ? |
| SGH (ASX) Chart |