JTL jayex technology limited
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Nov 25 (Reuters) - Jayex Technology Ltd (JTL) : RECEIVED A...

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    25/11/22
    11:50
    Post #: 64985959

    Nov 25 (Reuters) - Jayex Technology Ltd (JTL) :

    • RECEIVED A PROPOSAL TO RESTRUCTURE DEBT OF COMPANY HELD BY COVENANT HOLDINGS
    • PROPOSAL APPROVED BY INDEPENDENT DIRECTORS WOULD SEE DEBT TO COVENANT REDUCED TO ZERO THROUGH TWO TRANSACTIONS
    • INDEBTED TO COVENANT FOR A$3.3M THROUGH A$2.7M CONVERTIBLE NOTES WITH A COUPON OF 8%
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