Chorus Limited (CHRUF) has released an update.
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Chorus Limited has announced the issuance of further Crown Infrastructure Partners (CIP) warrants, which grant holders the right to purchase Chorus shares at a strike price with a 16% annual return on certain future dates. This issuance represents a 2.58% of the total class of these financial products and is part of the company’s long-term capital structure plan, with exercise dates ranging from 2025 to 2036.
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