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Energy World Proposes $440M Debt-to-Equity Swap Amid Leadership Shakeup
9:12am on Tuesday 1st of July, 2025 AEST
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Energy
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Energy World Proposes $440M Debt-to-Equity Swap Amid Leadership Shakeup
9:12am on Tuesday 1st of July, 2025 AEST
Key Points
Proposed conversion of US$440.5 million debt into approx. 782 million shares at A$0.88 each
Major shareholders’ combined stake to rise from 41% to about 53%
Brian Allen resigns as Managing Director and Chair after 24 years
Alan Jowell appointed interim Chair; Edward McCartin named new CEO
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Energy World Corporation (ASX:EWC)
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