TIM 0.00% 4.4¢ timbercorp limited

timpb conversion

  1. 1,113 Posts.
    There is an interesting little clause in the PDS, namely;

    Conversion may be effected

    "at any Quarter End (and receive only the Minimum Conversion Number of
    Ordinary Shares per Timbercorp RPS)"

    Presuming end of next quarter is 31-12, with TIMPB around 70c and TIM around 34c conversion at 4 times is profitable.

    Thinking of doing so but what is proceedure to request conversion?

    Neil
    Hold TIMPB
 
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