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The latest announcement is out from New Hope Corporation Limited ( (AU:NHC) ).
New Hope Corporation has notified holders of its A$300 million 4.25% senior convertible notes due 2029 of an adjustment to the notes’ conversion terms. Following the declaration of an extraordinary cash dividend of A$0.10 per share payable on 20 April 2026, the conversion price has been reduced from A$6.2358 to A$6.1240 per ordinary share, effective 2 April 2026.
The threshold amount used in the notes’ terms has also been adjusted on a pro-rata basis from A$0.1505 to A$0.1478 per ordinary share. These changes reflect standard anti-dilution mechanisms designed to preserve noteholder value when special dividends are paid, slightly improving the conversion economics for investors in the convertible notes while leaving ordinary shareholders’ dividend entitlement unchanged.
The most recent analyst rating on (AU:NHC) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on New Hope Corporation Limited stock, see the AU:NHC Stock Forecast page.
More about New Hope Corporation Limited
New Hope Corporation Limited is an Australian resources company primarily engaged in coal mining and related energy operations. It is listed on the ASX and accesses capital markets through instruments such as senior convertible notes to support its ongoing corporate and operational activities.
Average Trading Volume: 3,658,286
Technical Sentiment Signal: Buy
Current Market Cap: A$5.15B
Find detailed analytics on NHC stock on TipRanks’ Stock Analysis page.