Preference shares have both characteristics of equity and debt. It is also negative dilutive effect for existing shareholders.
Essentially the banks still hold debts, but as share holders. They have option to sell the preference shares. Company have obligation to buy back the shares.
If bryce houston can execute this preference debt for equity swap deal. Both banks and existing shareholders win.
They are working on the details as we speak, should have it wrap up by the end of this financial year.
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Last
$51.40 |
Change
-0.570(1.10%) |
Mkt cap ! $20.91B | |||
| Open | High | Low | Value | Volume |
| $52.74 | $52.74 | $51.24 | $18.10M | 351.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 245 | $51.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $51.46 | 1043 | 5 |
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| Last trade - 16.10pm 04/07/2025 (20 minute delay) ? |
| SGH (ASX) Chart |