Analyst Research

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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Thomson Reuters Stock Report

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Stokes Ltd updates on non-renounceable rights issue of notes

Tuesday, 27 May 2014 09:31pm EDT 

Stokes Ltd:Non-renounceable fully underwritten 1:4 rights issue of unsecured convertible notes, earning interest at 10 pct p.a. at an issue price of A$0.35 (35 cents) each to raise A$2.55 mln.Convertible into shares or redeemable for cash in June 2017.Conversion of convertible notes into shares, each noteholder will also be entitled to receive one additional A$0.35 option for every 2 new shares issued.Rights issue is fully underwritten by JM Financial Group Ltd. 

Company Quote

27 Feb 2015