
News
Shareholders to vote on note conversion
Sunday 11th of August 2013
They will also be asked to approve a 20% increase in the directors’ fee pool and give the chief executive a loan to buy shares.
Dorchester will ask shareholders to approve the early conversion of 110 million optional convertible notes, which were set to mature in 2015.
That would mean means Dorchester would have $11 million of debt on its books swapped into equity, and would let i...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.
3 min read