Mofaith, they could still be receiving 12%. It's interesting that in the announcement no % for the notes is given. Nor is the term. I guess that will follow in an appendix 3b tomorrow.
Fearalious, in the short term it is good as a potential overhang has been removed. Maybe those other 80m options might have been converted and dumped. Not now though. In the long run, it doesn't really mean much except that Conti might be able to put that cash to good use now but for the future.
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