My understanding is $18.70 is the base price which converts to $24.78 by 2029 if they want to get TLX shares. Yes TLX will pay interest rate also.
The major financial benefit for the lender is in 2029, if TLX is already $100 they get to only convert at $24.78. So about 24m shares will be issued.
Happy to be corrected by subject experts.
My understanding is $18.70 is the base price which converts to...
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Last
$19.22 |
Change
0.370(1.96%) |
Mkt cap ! $6.431B | |||
| Open | High | Low | Value | Volume |
| $18.84 | $19.51 | $18.48 | $49.93M | 2.613M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1479 | $19.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.28 | 1171 | 2 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| TLX (ASX) Chart |