The investment was made through a convertible stock
purchase of 11% to 15%.
Once KinerjaPay receives a line of credit from a local bank, it can fulfill its convertible stock
obligation to the group.
Tesla, in a new regulatory filing this morning, increased the size of its commons stock and convertible stock
offering, saying it now sees approximately $2.3B in net proceeds from the stock and convertible notes offering, or up to approximately $2.7B if the underwriters' options to purchase additional shares of common stock and additional notes.
Schulman announces regular quarterly and special cash dividend on convertible stock
1.305-7(b)(1) provides that a change in the conversion ratio of convertible stock
or convertible securities under a bona fide and reasonable adjustment formula will not be considered to result in a deemed distribution of stock if it has the effect of preventing dilution of the interest of the holders of the convertible stock
or securities (the antidilution exception).
Muscat: Al Omaniya Financial Services (AOFS), Oman's largest non-banking financial institution, said that the bonus shares of 10,104,389 (being stock dividend for the year 2012) have been listed on March 26, 2013 and 10,104,389 bonds being unsecured compulsorily convertible stock
dividend bonds with annual coupon rate of five per cent have been listed as of April 9, 2013.
The move brings Liberty's holding in the company to just over 50%, if convertible stock
owned is included.
Barclays holds BlackRock common stock and convertible stock
representing a 19.6% economic interest in the firm, equivalent to about 35.2 million shares.
The state has accused Merrill of misrepresenting its financial condition in documents that New Jersey relied on in agreeing in January 2008 to purchase USD300m worth of preferred convertible stock
. It also said that, though Merrill claimed of treating all investors equally, it later gave at least one investor better terms on the conversion of those shares.
In addition, GTC will return to Merrimack all the shares of Merrimack series C convertible stock
that GTC holds.
When Harbinger purchased 30,000 shares of Salton's Series A Voting Convertible Stock
in June, Salton's board of directors appointed David Maura, a consultant to Harbinger Capital Partners Master Fund, as a director.
Under NTL's revised takeover proposal, Virgin Mobile's shareholders could exchange each share for 372 pence in cash or 0.09298 NTL shares, or a mix of NTL shares and convertible stock
known as a "redeemable unit" plus 67p in cash.