APQ Global (GB:APQ) has released an update.
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APQ Global Limited is seeking to extend the settlement date for its 3.5 per cent convertible loan stock (CULS) due September 2024, offering CULS holders incentives like a redemption premium and higher interest rates for approval of the deferral. The company is confident it can settle the CULS within six months post-maturity, funded by its rapidly growing Delphos business and ongoing refinancing negotiations. APQ’s trading remains suspended as it finalizes its FY23 audit, with further updates expected post the CULS Holders’ meeting.
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