APQ Global Proposes CULS Settlement Extension

APQ Global (GB:APQ) has released an update.

APQ Global Limited is seeking to extend the settlement date for its 3.5 per cent convertible loan stock (CULS) due September 2024, offering CULS holders incentives like a redemption premium and higher interest rates for approval of the deferral. The company is confident it can settle the CULS within six months post-maturity, funded by its rapidly growing Delphos business and ongoing refinancing negotiations. APQ’s trading remains suspended as it finalizes its FY23 audit, with further updates expected post the CULS Holders’ meeting.

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