First Ship Lease Trust (FSL) has almost 175 million more shares on the Singapore Exchange.
FSL Trustee Management, acting as trustee-manager of the Roger Woods-led diversified owner, has exercised its right to turn $7.25m in redeemable 7% convertible bonds into stock at $0.04157 per share.
The new units shall be equal to FSL's issued shares, now totaling 1.77
