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
$20.48 |
Change
0.030(0.15%) |
Mkt cap ! $6.854B | |||
| Open | High | Low | Value | Volume |
| $20.35 | $20.83 | $20.30 | $10.68M | 520.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1586 | $20.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.58 | 898 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| TLX (ASX) Chart |