Flagship Investments Limited (ASX: $FSI) has released its Quarterly Report to Trustee and ASIC for the quarter ended 31 December 2023. The report confirms that the Conversion Price of the FSI Notes into Ordinary Shares remains unchanged at $2.70. Additionally, the Loan-to-Value (LTV) Ratio as at 31 December 2023 is reported at 20.99%.
The financial position and performance of Flagship Investments Limited (ASX: $FSI) continue to support the view that the property of the Issuer will be sufficient to repay the amount of each Note when it becomes due and payable. This is in line with our expectations and reflects the stability of our financial position.
Flagship Investments Limited (ASX: $FSI) has confirmed in its Quarterly Report that the Conversion Price of the FSI Notes into Ordinary Shares remains unchanged at $2.70. The report also indicates that the LTV Ratio as at 31 December 2023 is 20.99%. The company's financial position and performance continue to support the view that the property of the Issuer will be sufficient to repay the amount of each Note when it becomes due and payable, reflecting stability and confidence in the company's financial standing.
Sourcehttps://announcements.asx.com.au/asxpdf/20240117/pdf/05zhx5ctsks4f3.pdf