MOV - Issue of Shares - Convertible Notes

Transport and logistics group, MOVE Logistics Group Limited (NZX/ASX: MOV) issued $8.2 million of convertible notes to a number of wholesale investors in 2021. The terms of issue for the convertible notes were advised to the NZX Market on 3 May 2021.

As permitted under the terms of the convertible notes, all holders of the convertible notes have elected to convert their notes into ordinary shares of MOVE. This conversion has been completed today at a conversion price of approximately $0.73 per share.

A capital change notice detailing this issue of shares accompanies this announcement. MOVE now has no remaining convertible notes on issue.

ENDS

•  MOV - Issue of Shares - Convertible Notes

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report
July 1st Morning Report
June 27th Morning Report
SDL - FY2026 Earnings Guidance
PaySauce Director resigns for US-based role with NZTE
General Capital Releases 2025 Annual Report
June 26th Morning Report