News and Announcements
BPS Technology Capital Management – Convertible Notes
- Published December 15, 2016 12:53PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
13th December 2016 – ASX Announcement
Highlights:
- BPS exercises its right to make an early redemption of all existing Convertible Notes
- New issue of $5m convertible note to Alceon Liquid Strategies
BPS Technology is pleased to announce that it has successfully redeemed all of the Existing Convertible Notes.
The company has also issued a new Convertible Note with a value of $5million on terms that are, in the Board’s opinion, more favourable to the company compared to the previous Convertible Notes. The new Note will be issued solely to Alceon Liquid Strategies Pty Ltd, a member of the Alceon Group and manager of the Alceon High Conviction Absolute Return Fund.
To view the full announcement please click on the button below.
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