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Subsidiary PCE obtain convertible promissory note

19th Dec 2016 10:43

RNS Number : 2345S
Hon Hai Precision Industry Co Ld
19 December 2016
 

Subject: Subsidiary PCE Paragon Solutions Kft. obtaining NantHealth , Inc. convertible promissory note

Date of events:2016/12/19

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): NantHealth, Inc. convertible promissory note

2.Date of occurrence of the event:2016/12/19~2016/12/19

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

total amount equals USD$30,000,000

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):

NantHealth, Inc.; None

5.Terms of delivery or payment (including payment period and

monetary amount), restrictive covenants in the contract, and

other important stipulations:

(1)Interest Rate:5.50% per year,payable semiannually

(2)Initial Conversion Price:Approximately $12.14 per share of Issuer's

Common Stock.

(3)Maturity: 5-year,December 15, 2021

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

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

department: NegotiationAccording to market conditionsFollow company procurement authorization guideline

7.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):

USD$30,000,000restriction of rights: None

8.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:

0.19%; ratio to shareholder's equity:0.49%; operating capital:

NTD131,768,410,000

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

Long Term Investment

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