Raven Russia has announced a proposed placing of convertible preference shares, conditional inter alia upon approval by both ordinary and existing preference shareholders. The company already has commitments from investors in the sum of £105.5million and the issue may increase according to demand from further qualifying investors. The intended purpose of the issue is to reduce significantly both the total bank indebtedness and the forward amortisation profile. This should increase management’s f ....
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Conditional issue of convertible preference shares
- Published:
17 May 2016 -
Author:
Trevor Griffiths -
Pages:
3
Raven Russia has announced a proposed placing of convertible preference shares, conditional inter alia upon approval by both ordinary and existing preference shareholders. The company already has commitments from investors in the sum of £105.5million and the issue may increase according to demand from further qualifying investors. The intended purpose of the issue is to reduce significantly both the total bank indebtedness and the forward amortisation profile. This should increase management’s f ....