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Subsidiary disposing & obtaining shares

31st Mar 2017 15:37

RNS Number : 2345B
Hon Hai Precision Industry Co Ld
31 March 2017
 

No.1

Subject:Subsidiary Foxconn Singapore Pte.Limited disposing Smart Technologies Inc.shares

Date of events:2017/03/31

Contents:

1.Name and nature of the subject matter (if preferred shares,

 the terms and conditions of issuance shall also be indicated,

 e.g.dividend yield):Smart Technologies Inc. shares

2.Date of occurrence of the event:2017/03/31~2017/03/31

3.Volume, unit price, and total monetary amount of the transaction:

21,536,138 shares at USD4.50 each;

total amount equals USD96,912,621

4.Counterpart to the trade and its relationship to the Company

(if the trading counterpart is a natural person and furthermore

is not an actual related party of the Company, the name of the

trading counterpart is not required to be disclosed):

Smart Board Holdings Pte. Ltd.;parent and subsidiary companies

5.The manner in which the current transaction was decided, the

reference basis for the decision on price, and the decision-making

department:

Negotiation

Recent transaction price

Board of directors

6.Current cumulative volume, amount, and shareholding percentage

of holdings of the security being traded (including the current

trade) and status of any restriction of rights (e.g.pledges):

0 shares

USD 0

approximately 0%

restriction of rights: None

7.Current ratio of long or short term securities investment

(including the current trade) to the total assets and shareholder's

equity as shown in the most recent financial statement and the

operating capital as shown in the most recent financial statement:

Ratio to total assets:0.15%;

ratio to shareholder's equity:0.41%;

operating capital: NTD-40,666,643,000

8.Concrete purpose or use of the acquisition or disposal:

Operating purpose

9.Any other matters that need to be specified:

21,536,138 shares of Smart Technologies Inc in exchange for

21,536,138 shares of Smart Board Holdings Pte. Ltd.

 

No.2

Subject: Subsidiary Smart Board Holdings Pte. Ltd.obtaining Smart Technologies Inc. shares

Date of events:2017/03/31

Contents:

1.Name and nature of the subject matter (if preferred shares,

 the terms and conditions of issuance shall also be indicated,

 e.g.dividend yield):

Smart Technologies Inc. shares

2.Date of occurrence of the event:2017/03/31~2017/03/31

3.Volume, unit price, and total monetary amount of the transaction:

25,576,325 shares at USD4.50 each;

total amount equals USD 115,093,462.5

4.Counterpart to the trade and its relationship to the Company

(if the trading counterpart is a natural person and furthermore

is not an actual related party of the Company, the name of the

trading counterpart is not required to be disclosed):

Foxconn Singapore Pte Ltd(Subsidiary) ;parent and subsidiary companies

TimeFrame Investments Limited; None

5.The manner in which the current transaction was decided, the

reference basis for the decision on price, and the decision-making

department:

Negotiation

Recent transaction price

Board of directors

6.Current cumulative volume, amount, and shareholding percentage

of holdings of the security being traded (including the current

trade) and status of any restriction of rights (e.g.pledges):

25,576,325 shares

USD 115,093,462.5

approximately 100%

restriction

of rights: None

7.Current ratio of long or short term securities investment

(including the current trade) to the total assets and shareholder's

equity as shown in the most recent financial statement and the

operating capital as shown in the most recent financial statement:

Ratio to total assets:0.12%;

ratio to shareholder's equity:0.33%;

operating capital: NTD-40,666,643,000

8.Concrete purpose or use of the acquisition or disposal:

Operating purpose

9.Any other matters that need to be specified:

25,576,325 shares of Smart Board Holdings Pte. Ltd. in exchange for

25,576,325 shares of Smart Technologies Inc

 

No:3

Subject: Subsidiary Foxconn Singapore Pte.Limited obtaining Smart Board Holdings Pte. Ltd.shares

Date of events:2017/03/31

Contents:

1.Name and nature of the subject matter (if preferred shares,

 the terms and conditions of issuance shall also be indicated,

 e.g.dividend yield):

Smart Board Holdings Pte. Ltd. shares

2.Date of occurrence of the event:2017/03/31~2017/03/31

3.Volume, unit price, and total monetary amount of the transaction:

21,536,138 shares at USD4.50 each;

total amount equals USD96,912,621

4.The manner in which the current transaction was decided, the

reference basis for the decision on price, and the decision-making

department:

Negotiation

Recent transaction price

Board of directors

5.Current cumulative volume, amount, and shareholding percentage

of holdings of the security being traded (including the current

trade) and status of any restriction of rights (e.g.pledges):

21,536,138 shares

USD96,912,621

approximately 84.2%

restriction of rights: None

6.Current ratio of long or short term securities investment

(including the current trade) to the total assets and shareholder's

equity as shown in the most recent financial statement and the

operating capital as shown in the most recent financial statement:

Ratio to total assets:0.15%;

ratio to shareholder's equity:0.41%;

operating capital: NTD-40,666,643,000

7.Concrete purpose or use of the acquisition or disposal:

Operating purpose

8.Any other matters that need to be specified:

21,536,138 shares of Smart Technologies Inc in exchange for

21,536,138 shares of Smart Board Holdings Pte. Ltd.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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