Blackwell Global Holdings Limited (NZZ: BGI) has agreed to extend the maturity date of bonds held by its major shareholder and to capitalise $450,000 of the bonds, subject to shareholder approval.
The Bond Capitalisation was approved on 22 September and completed on 19 October, leaving $550,000 of bonds outstanding with a maturity date of 31 December 2023.
The Board of BGI is currently not actively investigating any new reverse takeover initiatives, but will update the market with any material developments.
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