News

Former Hanover debenture holders face massive dilution

Friday 19th of August 2011

Allied Farmers says those holding shares before the debt-for-equity swap when the company acquired Hanover's loans are in line for a significant bonus share issue.

Hanover's debenture holders had their interests converted into a majority holding in Allied Farmers as part of the transaction and now the bonus shares will significantly dilute their holdings.

"Given the likely extent...

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