BLA 0.00% 18.5¢ blue sky alternative investments limited

Ann: Blue Sky H1 FY19 Results Update, page-44

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    For those seeking clarification on the conversion price

    "Blue Sky has agreed that Oaktree will have certain rights to convert the amounts owing to it into ordinary shares of Blue Sky, subject to shareholder approval1 of the conversion and Oaktree obtaining any required regulatory approvals (such as Foreign Investment Review Board approval). Key terms of the conversion right include:
    • Conversion price of $1.87, being a 10% premium to the 30 June 2018 NTA of $1.70 (adjusted for AASB15) and an 18% premium to the last closing price of Blue Sky shares on the Australian Securities Exchange (“ASX”)
    • Aggregate number of shares issued on conversion to not exceed 30% of the fully diluted share capital of Blue Sky"


 
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