Announcement in Relation to Regulatory Actions by SGX and/or Other Authorities ::ECB Conversion Price Adjustment
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
06-Feb-2015 15:59:13
Status
New
Announcement Sub Title
ECB Conversion Price Adjustment
Announcement Reference
SG150206OTHRU3IS
Submitted By (Co./ Ind. Name)
Nancy Hu
Designation
CFO
Effective Date and Time of the event
06/02/2015 16:00:00
Description (Please provide a detailed description of the event in the box below)
NOTICE TO HOLDERS OF
ACER INCORPORATED (the Company )
USD 300,000,000 ZERO COUPON CONVERTIBLE BONDS DUE 2015 (the 2015 Bonds ),
ISIN: XS0528416232
USD 200,000,000 ZERO COUPON CONVERTIBLE BONDS DUE 2017 (the 2017 Bonds ),
ISIN: XS0528416315
On December 23, 2014, the Company s Board of Directors approved to offer to the holders of Common Shares rights entitling them to subscribe 300,000,000 Common Shares at subscription price of NT$18.00 per Common Share.
According to Section 11.02 of the Indenture ( Indenture ) dated on August 10, 2010 between the Company and Citicorp International Limited, the Conversion Price shall be adjusted to NT$100.59 for the 2015 Bonds and NT$103.50 for the 2017 Bonds on February 5, 2015 in accordance with the relevant formula.
Meggy Chen
A. VP, Treasury Unit, Acer Inc.
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