Debt - Change of Terms::Amendment of the terms and conditions

Issuer & Securities

Issuer/ Manager
NEO SOLAR POWER CORPORATION
Securities
NEOSOLARPOWER US$120MCB170718 - XS1084821849 - 13DB
Stapled Security
No

Announcement Details

Announcement Title
Debt - Change of Terms
Date &Time of Broadcast
06-Sep-2016 07:47:56
Status
New
Announcement Sub Title
Amendment of the terms and conditions
Announcement Reference
SG160906OTHRO7KT
Submitted By (Co./ Ind. Name)
Issuer Services
Designation
SGX-ST
Description (Please provide a detailed description of the change in the box below)
Reference is made to the Company s announcementdated 12 August 2016 (the Announcement ) inrelation to the proposed modifications to the termsand conditions of the Bonds and to the Indenture toinclude a mandatory redemption event which wouldrequire the Company to redeem all, but not part only,of the Bonds at the Settlement Equivalent of theirEarly Redemption Amount upon an issuance by theCompany or any of its Subsidiaries of any publicly orprivately placed securities outside the ROC that areeither convertible into or exchangeable for Shares.Capitalised terms used in this announcement but nototherwise defined have the meanings given to them inthe Announcement.This is to inform you that the Bondholders havepassed the Extraordinary Resolution at a Bondholdermeeting held on 5 September 2016. Voting in relationto the Extraordinary Resolution was conducted bywritten ballot and out of a total of 1,102 votes cast (onthe basis of one vote for each U.S.$100,000 inprincipal amount of Bonds), 950 votes (representing86.21 per cent. of those cast) were cast in favour ofthe Extraordinary Resolution. As not less than three-quarters of the votes were cast in favour of theExtraordinary Resolution, the ExtraordinaryResolution has been passed as an ExtraordinaryResolution of all Bondholders.Accordingly, the Company and Citicorp InternationalLimited have entered into a supplemental indenture togive effect to the modifications to the terms andconditions of the Bonds. The amendments take effectfrom 5 September 2016.

Additional Details

Asset Class
Convertible Bonds

Attachments

NSP ECB_SGX Announcement_Amendment of the terms and conditions_2016.09.05.pdf
Total size =219K

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