DGR 0.00% 1.0¢ dgr global limited

Ann: Agreement with Tribeca for Note Funding of up to $10m, page-6

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  1. 627 Posts.
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    Plext my reading is that the worst DGR can do is 20c.

    "If interest in the second year is met via the issue of securities, this can either be notes of the same series, or (at Tribeca’s election) DGR shares priced at the higher of 80% of VWAP, 20 cents, or 70% of NTA based on a marked to market assessment of the value of DGR’s assets from time to time."

    So, if DGR choose to fund the 2nd round of interest with equity it will be:

    More 20c notes

    OR

    Tribeca choose the higher of:

    1. VWAP -20% August 2018 (currently ~10.5c)
    2. 20c
    3. NTA -30% (currently $122.5m or ~23.25c)
 
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