https://www.nzx.com/announcements/418753
Exercise price of the warrants is $0.92, which is also the current share price.....
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https://www.nzx.com/announcements/418753
Exercise price of the warrants is $0.92, which is also the current share price.....
Small rise in the NAV today ....
And 2 days before warrent conversion the share price goes to 94c ....
Yes I would be happy to put this in the 'very curious' basket. Let's watch over the next two days. I mean another warrant failure would not look good... would it..
I see NAV is up 3 cents today
https://www.nzx.com/announcements/421668
MARLIN GLOBAL SHARE ISSUE (WARRANT CONVERSION MLNWF)
On 10 November 2023, Marlin Global warrant holders had the option to convert their warrants into ordinary Marlin Global shares at an exercise price of $0.92 per warrant.
On the exercise date 3,802,140 warrants out of a possible 50,502,702 warrants (8%) were converted into Marlin Global ordinary shares.
The new shares were allotted to warrant holders on 15 November 2023. All new shares have the same rights as current Marlin Global shares, including participating in the company’s quarterly dividend policy.
The remaining 46,700,562 warrants which were not exercised have now lapsed, and all rights in regard to them have now expired.
The additional funds will be invested in Marlin Global’s current investment portfolio of stocks.
Marlin warrants a bit of a failure, only 8%.
Still trading above last-announced NTA, and the warrant exercise price also above NTA.
And they sold a few million new shares to punters at a small profit for the company to issue value which should cover off the upcoming div for those new shares. Probably covers the admin costs too, by and large a failure tho.