"Another priority of the Board is to address the Group’s capital structure and with goodwill on behalf of all parties we hope to reach an agreement. We look forward to having constructive dialogue with various stakeholders to see if there is a joint mandate of support for a way forward over the next twelve months.
I would also like to take this opportunity to re-confirm that the Company does not believe there are any matters that would give hybrid holders a right to forcibly redeem or realise their securities."
The company clearly recognises that they need to "grow" to add value for shareholders ........
to do this - the company will need access to capital .........
with the current capital structure - there is minimal chance additional equity could be raised in the current investment climate ......
there is one "nuclear" option available to PXUPA holders ........involves an EGM ........wouldn't be much left ......
rgds
V_H
SRS Price at posting:
3.5¢ Sentiment: None Disclosure: Not Held
