Global Health Investment Fund (GHIF) has exercised its right to convert its $8m convertible bond into new ordinary shares in GDR on 16 June. Consequently, GHIF will be issued 7.1m new ordinary shares and will also be paid £685,000 in cash, reflecting the balance of accrued interest owed. This satisfies, in full, GDR’s obligations under the convertible bond. Total share capital will stand at c.52m when shares are issued on 22 June with a further 11.2m shares due on conversion of th
17 Jun 2020
genedrive - Conversion of $8m convertible bond
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genedrive - Conversion of $8m convertible bond
Genedrive Plc (GDR:LON) | 3.4 0 3.8% | Mkt Cap: 4.67m
- Published:
17 Jun 2020 -
Author:
Mark Brewer | Cavendish Research -
Pages:
3
Global Health Investment Fund (GHIF) has exercised its right to convert its $8m convertible bond into new ordinary shares in GDR on 16 June. Consequently, GHIF will be issued 7.1m new ordinary shares and will also be paid £685,000 in cash, reflecting the balance of accrued interest owed. This satisfies, in full, GDR’s obligations under the convertible bond. Total share capital will stand at c.52m when shares are issued on 22 June with a further 11.2m shares due on conversion of th