NTL Issues Shares as partial conversion of debt security
Page | 1
2b Gibraltar Cres, Parnell, Auckland 1052
Office +64 9 303 1893
info@newtalisman.co.nz
26 February 2024
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED
(NZX: NTL, ASX: NTL)
FOR IMMEDIATE RELEASE
NEW TALISMAN ISSUES NEW SHARES AS PARTIAL
CONVERSION OF DEBT SECURITY
NTL is pleased to announce it will issue 16,500,000 ordinary shares in partial conversion of the
Convertible Note debt security (the Note) issued to Hamish Brown which matured on 23 February
2024.
The amount payable for the shares will be NZ$276,375 (being 15% discount on the 20 day VWAP
of NTL shares as per the terms of the Note).
A full conversion of the Note to ordinary shares would contravene the New Zealand Takeovers
Code threshold of 20% of NTL’s total issued share capital.
For the time being, the balance of the Note will be renewed on existing terms for a further 18
months in accordance with the Board’s discretion. However, further conversion of the Note to
shares may occur during that period where permissible within the current regulatory framework.
Yours sincerely,
Samantha Sharif Chair
New Talisman Gold Mines Limited
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- THL — Tourism Holdings Limited: Capital Change Notice2024-03-20
“Capital Change Notice Section 1: Issuer information Name of issuer Tourism Holdings Limited NZX ticker code THL Class of financial product Ordinary Shares ISIN (If unknown, check on NZX website) N/A Currency NZD Section 2: Capital change details Number issued/ac…”
- BLT — BLIS Technologies Limited: Capital change notice2024-03-22
“Capital Change Notice Section 1: Issuer information Name of issuer Blis Technologies Limited NZX ticker code BLT Class of financial product Ordinary shares ISIN (If unknown, check on NZX website) NZBLTE0002S8 Currency NZD Section 2: Capital change details Number is…”
- NZL — New Zealand Rural Land Company Limited: Capital Change Notice – Shares2024-04-16
“Capital Change Notice Section 1: Issuer information Name of issuer New Zealand Rural Land Company Limited NZX ticker code NZL Class of financial product Ordinary Shares ISIN (If unknown, check on NZX website) NZNZLE0001S2 Currency NZD Section 2: Capital change deta…”