MOVE Logistics Group Limited (NZX/ASX: MOV) has completed the conversion of $8.2 million of convertible notes into ordinary shares of the company.
The notes were issued to a number of wholesale investors in 2021, and the conversion was completed today at a conversion price of approximately $0.73 per share.
MOVE now has no remaining convertible notes on issue.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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