Ann: Conversion of A$27m Convertible Notes, page-2

Nice. An investment arm, W23 becomes a shareholder as It decided to convert bonds to shares.
The face value of the convertible bonds for 27.5m in 2019 became 64,179m worth of shares (28,026 new shares * $2.29 at VWAP).
What's a terrific investment in the new start up company for the last 3 years.

This brings the non-current debt from 42,328m to 14,828m when the face value of the bonds 27,500m to be extinguished.

Revenue growth rate of 2.37 in Euro
2019 $ 130
2020 $ 254
2021 $ 438 ((130*2.37) + 130)
2022 $568
2023 $698
2024 $828
2025 $958

The revenue growth will definitely secure the company with a strong credit rating whenever the company wants to expand its business.