New Hope Corporation
announced an adjustment to the conversion price of its A$300 million 2.625% Senior Convertible Notes maturing in 2032. The conversion price has been revised from A$7.41 to A$7.0627 per ordinary share, effective 23 September 2026, following a declared cash dividend to shareholders.
Key Highlights
- Conversion price for the A$300 million 2.625% Senior Convertible Notes due 2032 adjusted from A$7.41 to A$7.0627 per ordinary share.
- Adjustment takes effect on 23 September 2026.
- Triggered by a cash dividend of A$0.30 payable on 15 October 2026.
- Adjustment executed under Conditions 6(e)(iii)(A) and 6(i) of the Notes' Terms and Conditions.
Adjustment to Conversion Price on Senior Convertible Notes
On 22 September 2026, New Hope Corporation revealed that the conversion price for its A$300 million 2.625% Senior Convertible Notes maturing in 2032 has been adjusted per the Notes' Terms and Conditions. The conversion price was reduced from A$7.41 to A$7.0627 per ordinary share, effective 23 September 2026. The company clarified that capitalised terms in the announcement align with definitions provided in the Notes' Terms and Conditions, referencing a prior announcemen...