MMM 27.3% 2.4¢ marley spoon se

According to the ASX release dated 26 Sep 19 "Woolworths may...

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    According to the ASX release dated 26 Sep 19 "Woolworths may convert the Woolworths Group Convertible Bond to shares / CDIs under specific circumstances after two years from the issue date until the maturity of the Woolworths Group Convertible Bond.

    It hasn't even been 1 year yet, what's going on? Also, if they are converting tranche 1 of $2.95m then they can expected to convert tranche 2 of $23m as well?
 
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