NZX's Superlife swaps notes for 71% of Energy Mad

Tue, 21 Feb 2017

By Sophie Boot Feb. 21 (BusinessDesk) - SuperLife, the funds management business owned by NZX, has swapped 2.25 million convertible notes for just under 70 million shares in Energy Mad, giving it 71.4 percent of the energy efficient lightbulb marketer. The convertible note facility was agreed to by the company's shareholders in February 2014, giving Energy Mad the option to draw down up to $2.25 million over three years. At that stage, Energy Mad shares were trading at 37.8 cents each, and SuperLife could have converted the note to shares...

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