ZIP 0.36% $2.79 zip co limited..

The conversion price and number of shares per note is fixed by...

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    The conversion price and number of shares per note is fixed by the terms of the notes, though they were revised with the liability management exercises. Conversion is optional for the note holder, though today's announcement has sped things up as the number of notes on issue has fallen to the point where the issuer can redeem for par+accrued.
 
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