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$22.20 telix pharmaceuticals limited

i must look into this further .

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nottawombat

6,402 Posts.

633

23/07/24

22:00

Post #: 74882318
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Originally posted by MarginOfSafety1: ↑

The investor will be able to convert their convertible bonds into Telix shares at the initial conversion price, which is based on the Delta Placement's clearing price. If we assume the clearing price sets the reference share price, then the investor will indeed have the right to buy Telix shares at a price that reflects this premium (30-35% above the current market price at the time of the Delta Placement)

While the exact share price in 2029 is uncertain and depends on future market conditions, the convertible bonds ensure that the investor can convert them into shares at a price determined by the Delta Placement, which indirectly sets a reference price for future conversions.

In summary, the investor has the option to convert their convertible bonds into Telix shares in 2029 at a price that includes a premium, which is based on the Delta Placement's clearing price. This setup allows the investor to potentially benefit from future increases in Telix's share price while having a predetermined reference point for their conversion decision.

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i must look into this further .

TLX Price at posting: $20.31 Sentiment: None Disclosure: Held
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(20min delay)
Last $22.20		Change 0.750(3.50%)		Mkt cap ! $7.429B

Open	High	Low	Value	Volume
$21.90	$22.27	$21.77	$48.54M	2.197M

Buyers (Bids)

No.	Vol.	Price($)
2	13813	$22.15

Sellers (Offers)

Price($)	Vol.	No.
$22.21	1656	2

View Market Depth

No.	Vol.	Price($)
2	13813	22.150
1	4057	22.060
2	4080	22.020
4	783	22.000
1	4057	21.990

Price($)	Vol.	No.
22.210	1656	2
22.260	4057	1
22.280	1430	2
22.300	6157	6
22.330	4057	1

Last trade - 16.10pm 04/11/2024 (20 minute delay)

TLX (ASX) Chart