ERG 13.2% 5.9¢ eneco refresh ltd

to issue 41m new shares

  1. 1,155 Posts.
    "If all notes are converted, ERG will issue 41,486,967 new ordinary shares to the three convertible noteholders. The noteholders will be entitled to a payment from ERG based on the difference between $0.55 and the sale price of ERG’s shares. Any notes not converted will be redeemed on or before 15 November 2002 (or such later date as is agreed between the holder and ERG)."
    from ERG
 
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