Emperador Extends Conversion Period for Tranche 2 ELS Shares

MT Newswires08-12

Philippine beverage company Emperador (SGX:EMI) has extended the conversion period for its Tranche 2 ELS Shares agreement with Arran Investment, according to a Monday filing on the Singapore Exchange.

The new conversion deadline has been extended to Feb. 12, 2025, from from Aug. 12, 2024.

Originally issued on Dec. 4, 2014, the ELS Instrument grants Arran the option to convert up to 475 million ELS Shares.

The conversion period, initially set to end on Feb. 28, 2022, has undergone several extensions, with the latest adjustment extending the period by six months.

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