Announcement in Relation to Regulatory Actions by SGX and/or Other Authorities ::To Amend the 2013 Issuing Plan of New Common Shares for Capital Increase by Cash

Issuer & Securities

Issuer/ Manager
ACER INCORPORATED
Securities
ACER INC US$200M CB170810 - XS0528416315 - 4ISB
Stapled Security
No

Announcement Details

Announcement Title
Announcement in Relation to Regulatory Actions by SGX and/or Other Authorities
Date &Time of Broadcast
07-Aug-2014 17:44:30
Status
New
Announcement Sub Title
To Amend the 2013 Issuing Plan of New Common Shares for Capital Increase by Cash
Announcement Reference
SG140807OTHRL25I
Submitted By (Co./ Ind. Name)
Nancy Hu
Designation
CFO
Effective Date and Time of the event
07/08/2014 17:45:00
Description (Please provide a detailed description of the event in the box below)
1.Date of the board of directors resolution:2014/08/07
2.Source of capital increase funds: Issuance of New Common Shares for
Capital Increase by Cash
3.Number of shares issued: Up to 300,000,000 shares
4.Par value per share: NT$ 10
5.Total monetary amount of the issue: Depends on the issuance shares and
the actual issuing price per share
6.Issue price: To authorize the Chairman of the Board (the Chairman ) to
negotiate with the lead underwriter in accordance with Self-Disciplinary
Rules for Securities Underwriters Assisting Issuing Company to Subscribe
and Issue Marketable Securities in respect of issuing price.
The issuing price of new common shares is tentatively set NT$ 20 per share,
which is no less than 70% of the simple arithmetic mean of the share's
closing price one, three, or five business days prior to the pricing date
deducting any distribution of stock and cash dividends.
7.Number of shares subscribed by or allotted to employees:10% of the
share issuance from cash capital increase will be reserved for employee's
preemptive subscription
8.Number of shares publicly sold:10% will be reserved for public offer
9.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:80% of the share issuance will be reserved for
preemptive purchase of original shareholders based on the names and the
shares registered in the shareholders roster on the dividend record date.
10.Method of handling fractional shares and shares unsubscribed by the
deadline: the Chairman is to be authorized to negotiate with designated
individuals to sell shares at issuing price.
11.Rights and obligations of the newly issued shares: The rights and
obligations of issuing new common shares from the capital increase are
identical to those of original outstanding shares.
12.Utilization of the funds from the capital increase: In order to cope with
needs for funds such as pay off bank loan and redemption repayment from
the put option executed by the ECB holders.
13.Any other matters that need to be specified:
a. In order to face the ever-changing capital market and enhance
efficiency in capital raisings, it's proposed approving to authorize
the Chairman or the person designated by the Chairman with full power,
based on the market condition, to decide the actual issuance amount,
issuance schedule, terms and conditions, issued price, expected benefit,
competent contracts and legal documents, and other relevant matters.
b. In addition, please authorize the Chairman or the person designated
by the Chairman with full power to amend or deal with any and all
related matters if there s any change of laws and regulations, order
or request by relevant government and/or regulatory agencies, any
change of Acer s policy, or any change due to the market or objective
factors.