It looks like TPAPA will be made more financially secure by this, but no plans to buy them back. See p87 of pathfinder doc
These restrictions (re dividend payment) do not apply to any dividends to be made with respect to the TPI SPS unless an event of default is subsisting under the agreement.
The Company must procure that the issuer of the TPI SPS
does not redeem, repurchase, retire or repay any of the TPI
SPS except by way of an issuance of Shares and, otherwise,
that it will not and it will procure that the issuer of the TPI SPS does not redeem the TPI SPS for cash on a “Step-Up Date” (as defined for the purposes of the TPI SPS) unless it funds such redemption with the proceeds of an issue of Shares
sourced from third parties.
TPAPA only.
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It looks like TPAPA will be made more financially secure by...
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