It's fairly neutral news. CVI has the option to redeem $10m each six months (and any previously deferred amounts). Up until now, they haven't redeemed anything. This $40m + accrued interest is redeeming all of the eligible amount since the notes were issued.
There should be a reduction in liabilities (but not the full $40m + accrued interest... because not all of the notes were accounted as debt. Some was accounted as equity, so to square the circle, I expect equity to decline a little as well), and a reduction in cash of $40m+accrued.
Ann: Convertible Note Redemption, page-6
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.16 |
Change
-0.060(2.70%) |
Mkt cap ! $2.803B | |||
| Open | High | Low | Value | Volume |
| $2.14 | $2.20 | $2.12 | $27.01M | 12.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15000 | $2.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 117293 | 4 |
View Market Depth
| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |