FCA also announced that it has priced an offering of USD2,500,000,000 in aggregate notional amount of mandatory convertible securities
In the event that the Convertible Securities
are fully exercised, the holdings of Pinetree and its joint actors represents a total of 10,330,000 common shares of Goldspike, or approximately 18.
The lender said its board had decided to issue e1/465 million worth of common shares and e1/464 million in convertible securities
Alternatively, the conversion price in respect of no more than $2,500,000 of the Convertible Securities
may be equal to 130% of the average of the VWAPs during the 20 trading days prior to the date of execution of the Agreement.
In the event that the Pinetree Convertible Securities
are fully exercised, the direct holdings of Pinetree represents a total of 8,752,000 common shares of Creso, or approximately 9.
Most convertible securities
trade at a premium to their conversion values, due to the incremental value of their fixed-income obligations.
15 used the if-converted method for convertible securities
but did not require an incremental per share effect to be calculated.
The shares issued on conversion of both convertible securities
will be the subject of a "lock up and leak out" provision.
Global Banking News-3 September 2009-BNP Paribas appoints head for US convertible securities
business(C)2009 ENPublishing - http://www.
Fidelity Convertible Securities
(800-544-3902), while up only 8.
Diluted EPS would be calculated by the "if-converted" method for convertible securities
prescribed by Opinion no.
By using convertible securities
, which combine the elements of bonds and stocks and exhibit certain investment characteristics of both, you can blend the advantages of fixed-income and equity instruments.
As a result of this transaction, Pinetree and its joint actors collectively held, as at November 12, 2014, an aggregate of 35,794,795 common shares of Mega, including the Common Shares, and rights to acquire an additional 4,250,000 common shares of Mega upon exercise of certain convertible securities
(the Convertible Securities