General Announcement::RESULTS OF OFFER TO PURCHASE THE OUTSTANDING 12.85% SENIOR NOTES DUE 2021

Issuer & Securities

Issuer/ Manager
MODERN LAND (CHINA) CO., LIMITED
Securities
MODLD US$203.797M12.85%N211025 - XS1986632716 - PITB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
05-Mar-2021 13:37:13
Status
New
Announcement Sub Title
RESULTS OF OFFER TO PURCHASE THE OUTSTANDING 12.85% SENIOR NOTES DUE 2021
Announcement Reference
SG210305OTHRXOV3
Submitted By (Co./ Ind. Name)
Modern Land (China) Co., Ltd. / Zhang Peng
Designation
Director
Description (Please provide a detailed description of the event in the box below)
The Offer expired at 4:00 p.m. (London time) on 4 March 2021 (the "Expiration Deadline"). As at the Expiration Deadline, US$134,040,000 in aggregate principal amount of the Notes had been validly tendered pursuant to the Offer. The Company has decided to accept for purchase such validly tendered Notes in an aggregate principal amount of US$49,998,000 (being the Maximum Acceptance Amount) (the "Accepted Notes") with a proration scaling factor of 27.874%. Proration will be made in accordance with the mechanism as set forth in the Offer to Purchase. The Accepted Notes repurchased by the Company will be cancelled and will cease to be outstanding on or about 8 March 2021 (the "Settlement Date").

Attachments

Reunion III - Results Announcement.pdf
Total size =265K