RE: Happy Friday7 Jul 2023 08:00
With regards to the Companyβs bonds, on 6 April 2022, the Company announced it had renegotiated the date of maturity of the β¬3.5 million Zero-Coupon Bond issued in 2020 with the sole bondholder to 15 December 2024. Additionally, at the Bondholder Meeting held on 21 April 2022, the Company extended the maturity of the Zero-Coupon Bond to 15 December 2024 and amended the conversion price from 15 pence to 5 pence. The extension of the maturity date for both bonds improved the Net Current Asset position of the Group (see Financial Review below).
this is saying the conversion is 5p ?
or am I reading the wrong part of the Financials