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The loan carries an annual interest rate of 6 per cent in accordance with the provisions of Appendix 1B. Terms of the convertible loan notes issue, including the conversion price, have been determined following arms lengths negotiations with the subscribers. As a result, the Shareholder considers that the terms of the convertible loan notes issue are in line with market conditions.
Registration shall happen inside three days of big date regarding the new solution to help you thing convertible debentures.