Electra proceeds with mandatory conversion – Electra Private Equity announced on 23 October 2015 its intention to exercise the mandatory conversion option in its 5% subordinated convertible bonds due 2017. The exercise of the option will automatically and mandatorily convert all of the outstanding Bonds into new ordinary shares of Electra. Electra has now announce that it is posting to holders of the Bonds today the “Mandatory Conversion Notice” to confirm the exercise of this option. The mandatory conversion of the Bonds is expected to occur on 29 December 2015.
Electra proceeds with mandatory conversion of its 5% 2017 convertible bonds : ELTA