Raffles Education Limited (NR7) said on April 9 that it has issued 4,835,230 new ordinary shares following the latest exercise of its outstanding convertible bonds.\n\nThe shares were allotted on April 7 at the predetermined conversion price of SGD 0.065 apiece, translating into a total principal conversion amount of SGD 314,290. The conversion was carried out under the terms of the convertible bond trust deed dated August 30, 2022.\n\nPost-conversion, the group’s issued share capital has risen to 1,785,442,633 ordinary shares from 1,780,607,403 previously. The outstanding principal of the company’s convertible bonds has fallen to SGD 38.511 million from SGD 38.826 million.\n\nThe newly issued shares will be listed and quoted on the Singapore Exchange Mainboard on April 10, 2026, with trading set to begin at 9:00 a.m. the same day. All conversion shares rank pari passu with existing ordinary shares.