It would appear that this was a cashless conversion. My understanding of this is that a reduced number of shares are taken and no money changes hands. Thus there would be no addition to the company funds. If I am wrong I would be grateful for a simple explanation of "cashless conversion".
Ann: Application for quotation of securities - LTR, page-6
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Last
$1.18 |
Change
-0.030(2.48%) |
Mkt cap ! $2.860B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.24 | $1.17 | $16.16M | 13.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 142276 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 120868 | 2 |
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| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
$1.19 |
Change
-0.030 ( 2.67 %) |
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| Open | High | Low | Volume | ||
| $1.23 | $1.24 | $1.17 | 3037920 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| LTR (ASX) Chart |