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To Announce the Maturity of Unsecured CB

30th Mar 2016 10:58

RNS Number : 5418T
Acer Incorporated
30 March 2016
 

Subject: To Announce the Suspension and De-listing of the Company's Second Domestic Unsecured Convertible Bonds Due to Maturity

Date of events: 2016/03/30

Contents:

1.Date of occurrence of the event: 2016/03/30

2.Company name: Acer Inc.

3.Relationship to the Company (please enter "head office" or "subsidiaries"):head office

4.Reciprocal shareholding ratios: N.A.

5.Name of the reporting media: None

6.Content of the report: None

7.Cause of occurrence: The Second Domestic Unsecured Convertible Bonds (the "Bonds"), which were issued on May 14, 2013 and will be matured on May 14, 2016, shall be paid off and de-listed in accordance with the Rules Governing Issuance and Conversion of Second Domestic Unsecured Convertible Bonds of the Company

(the "Rules").

8.Countermeasures: Principal is paid back in one lump sum upon maturity.

9.Any other matters that need to be specified:

i. Proceed according to the Rules.

ii. Pursuant to Article 9 of the Rules, the conversion application of the Bonds shall be suspended from May 5 to May14, 2016, and will be de-listed on May 16, 2016, which is the next working day of Maturity Date.

iii. The Bonds will be matured on May 14th, 2016, and the last day of the conversion application, according to the Article 9 to the Rules, is supposed be on May 4th, 2016, which is 10 days before the Maturity Date. However, due to book closing date of 2016 GSM is starting April 26th, 2016, therefore, the last day of the conversion application will be moved to one business day earlier, which is on April 22th, 2016, and the Bonds will be de-listed on the next working day of Maturity Date (May 16, 2016).

iv. The payment will be made via remittance or checks to Bonds holders on May 27, 2016 upon maturity.

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