Debt - Change of Terms::Adjustment of Conversion Price

Issuer & Securities

Issuer/ Manager
ZALL DEVELOPMENT GROUP LTD.
Securities
ZALL DEV US$100M5.5%CB180619 - XS0944312551 - 2WRB
Stapled Security
No

Announcement Details

Announcement Title
Debt - Change of Terms
Date &Time of Broadcast
10-Jul-2015 17:40:03
Status
New
Announcement Sub Title
Adjustment of Conversion Price
Announcement Reference
SG150710OTHRG0HP
Submitted By (Co./ Ind. Name)
Zall Development
Designation
Company Secretary
Description (Please provide a detailed description of the change in the box below)
An adjustment will be made to the conversion price of the Bonds as a result of the distribution of the Special Dividend. The conversion price of the Bonds, currently HK$2.72 per Share, will be adjusted to HK$2.55 per Share with effect from 10 July 2015, being the date immediately after the record date for the Special Dividend.

Additional Details

Asset Class
Convertible Bonds

Attachments

LTN20150710433.pdf
Total size =57K