The Group completed a restructure during 2014. Pursuant to an agreement between by bondholders
and Premiere Singapore dated 29 August 2014, convertible notes amounting to $5.937 million were
converted into 137,129,844 shares in Premiere Australia, and accrued interest on convertible
notes were satisfied by the issue of 12,903,225 shares amounting to $2.581 million in Premiere
Eastern Energy.
Adding up all the debt + interest: $5.937 million + $2.581 million = $8.518 Million
Adding all the shares issued: 137,129,844 + 12,903,225 = 150,033,069 shares
This work out to be $0.0567 cents per share
The bondholders was willing to pay $0.0567 cents per share
PEZ Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
