I quote
"At Centro’s election
Centro may redeem all of the Hybrid Securities in cash at any time with 30 days
notice, subject to the election of any of the Lenders to retain the Hybrid Securities.
Centro could only exercise this right once it has repaid the term loans."
or if you are talking about conversion not redemtion then
"If 75% of the Hybrid Securityholders (by exposure) elect to convert their Hybrid
Securities into stapled securities, then all holders may be obliged to convert their
Hybrid Securities into stapled securities (i.e., a drag-along right)."
- Forums
- ASX - By Stock
- CNP
- diluted or not
diluted or not, page-6
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)