NHC new hope corporation limited

Ann: Notice to Noteholders, page-18

  1. 317 Posts.
    lightbulb Created with Sketch. 51
    I found the dividend formulae , see T&Cs Condition 6 B ( iii).
    The formulae is Conversion Price{( $2.10) x ( current price - dividend) }/current price. ( at ex Date)
    So for 25th Oct 2021 Dividend ex date Dividend was 0.7c. closing share price $2.24.
    = {2.10*(2.24-.07)}/2.24 = Revised conversion price $2.03.
    For the 14 April 2022
    = {2.03*(3.49-0.30)}/3.49 = $1.88 revised conversion price.
    Errors and Omissions Excepted

 
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