Well I may be wrong, but the amount equals about 154m aud, conversion price was 4.092, so that would be up to 37.6m ords, aboout 11% of MC. Suspect bond holders prefer bonds over equities, but hard to pass up a $45m profit.
Why didn't WEB approach somebody else and leave these notes in place? Maybe they needed the $45m profit (29% ish) carrot to get the deal over the line? Exy finance if I am right.
Ann: WEBJET ANNOUNCES AUD250 MILLION CONVERTIBLE NOTES OFFERING, page-14
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Last
$8.97 |
Change
-0.040(0.44%) |
Mkt cap ! $3.508B | |||
| Open | High | Low | Value | Volume |
| $8.91 | $9.01 | $8.90 | $7.579M | 846.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 24368 | $8.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.98 | 2310 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| WEB (ASX) Chart |