Cathay Pacific Airways ( (HK:0293) ) just unveiled an announcement.
Cathay Pacific Airways has announced an adjustment to the conversion price of its HK$6,740,000,000 2.75% Guaranteed Convertible Bonds due 2026. Following the declaration of a second interim dividend for the financial year 2024, the conversion price will be adjusted from HK$7.92 per share to HK$7.55 per share, effective April 4, 2025. This adjustment will increase the maximum number of shares issued upon full conversion of the outstanding bonds from 273,232,323 shares to 286,622,516 shares, potentially impacting shareholder value and market positioning.
More about Cathay Pacific Airways
Cathay Pacific Airways Limited is a Hong Kong-based airline company whose shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited. The company primarily operates in the aviation industry, providing passenger and cargo air transport services.
YTD Price Performance: 18.03%
Average Trading Volume: 1,702
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $9.2B
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