Provided approval is granted and the
convertible shares are issued, the
convertible shares will automatically convert to 24.0 million ordinary shares 12 months after they are issued.
Preferred shares, common shares,
convertible shares, series a, series b, warrants, etc.
The foregoing share price reflects Ithaca's value of CDN 841m (approximately USD 647m (including shares arising from exercising the
convertible shares).
Al Waseet, which is controlled by a member of the Kuwaiti royal family, will receive 459,005, 021
convertible shares in Greenland, making it the company's second biggest shareholder.
The figures, published last October, stated in a paragraph described as Note 30: "No share options or
convertible shares are held within the Group, therefore no diluted Earnings per Share calculation is required."
BlackBerry announced the end of its strategic review along with the exit of its CEO Thorsten Heins and said that Fairfax has agreed to invest 1 billion dollars through
convertible shares.
As for Komercijalna Banka, the negotiations with four international financial institutions that hold preferred
convertible shares are in progress and it can be expected that they will not sell these shares in the mentioned period.
Last year's deal stipulates that Vimpelcom was to pay Naguib Sawiris, CEO of OTH, around $1.5 billion in cash, in addition to 330.6 million common and
convertible shares, according to Reuters report, quoted by AhramOnline January 2011.
TEPCO will then issue 1.6 billion convertible preferred shares with voting rights and 340 million
convertible shares without voting rights to the fund by July 25.
Approximately 3,000 of the newly issued shares will be exchanged for 100% in the target company, with the remaining newly issued shares granted to the seller in the form of
convertible shares in return for an US$ 8mn cash injection.
The drop leaders once again were the shares of Norilsk Nickel (they are being pressured by the news on the company financing the buyback of shares to issue
convertible shares), Tatneft, NLMC and several energy companies: OGKa5, TGKa14, IRNC Holding.