Chorus Limited Issues New CIP Warrants

Chorus Limited (CHRUF) has released an update.

Chorus Limited has announced the issuance of further Crown Infrastructure Partners (CIP) warrants, which grant holders the right to purchase Chorus shares at a strike price with a 16% annual return on certain future dates. This issuance represents a 2.58% of the total class of these financial products and is part of the company’s long-term capital structure plan, with exercise dates ranging from 2025 to 2036.

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