GREY:HRTPF - Post by User
Comment by
robnhoodon Oct 25, 2014 8:31am
112 Views
Post# 23060613
RE:RE:Hmmmm
RE:RE:Hmmmm<<The number of Shares to be delivered to the Debenture holders on the Debenture Conversion Date will be the result of dividing the Par Value of the Debentures by the lesser of: (i) the weighted average, by daily volume, of the closing price of the Shares over the last 10 (ten) BM&FBOVESPA trading sessions as of the day after Issuance Date, with a discount of 25% (twenty five percent); or (ii) the weighted average by daily volume of the closing price of the Shares over the last 10 (ten) BM&FBOVESPA trading sessions prior to the receipt of the request for conversion by the Bookkeeping and Mandatary Institution or by the custody agent by BM&FBOVESPA, whichever is applicable, with a discount of 25% (twenty five percent) ("Conversion Price"). >>
There you have it.
Roughly a possible 30% increase in shares out but not saleable for 1 year.
These shares right now would be convertible at around 7.50$BRL., or about the equivalent of $1.70 cdn for HRP.