Toys ‘R’ Us Anz Limited (AU:TOY) has released an update.
Toys ‘R’ Us ANZ Limited has announced a significant financial move, issuing up to 28.5 million shares and a variety of convertible securities and loan options to Mercer, alongside the allocation of over 10 million shares at a discounted price to its Chief Executive Officer. This transaction, detailed in a prospectus complying with the Corporations Act 2001 and relevant ASIC regulations, underscores a potential expansion or restructuring phase for the renowned toy retailer.
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