General Announcement::NOTICE OF CONVERSION PRICE ADJUSTMENT

Issuer & Securities

Issuer/ Manager
WIN SEMICONDUCTORS CORPORATION
Securities
WIN SEMICON US$500M Z260114 - XS2275382286 - WTHB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
12-Jul-2021 16:46:14
Status
New
Announcement Sub Title
NOTICE OF CONVERSION PRICE ADJUSTMENT
Announcement Reference
SG210712OTHR9H13
Submitted By (Co./ Ind. Name)
Joe Tsen
Designation
AVP of Finance & Spokesman
Description (Please provide a detailed description of the event in the box below)
WHEREAS, WIN Semiconductors Corp., a company limited by shares organized and existing under the law of the Republic of China (the Company), has issued US$500,000,000 Currency-Linked Zero Coupon Convertible Bonds Due 2026 (the Bonds), pursuant to an indenture (the Indenture) dated as of January 14, 2021 by and between the Company and The Bank of New York Mellon, London Branch, as Trustee (the Indenture);

WHEREAS, the Company's Board of Directors approved a cash dividend of NT$10 per common share on March 18, 2021 and the ex-dividend record date and the cash dividend payable date are July 13, 2021 and July 30, 2021 respectively;
WHEREAS, Section 13.06 of the Indenture provides that the Company promptly file with the Trustee a Company s Certificate (as defined therein) setting forth the adjusted Conversion Price;

NOW, THEREFORE, Shun-Ping Chen (Steve Chen), GM of Corporate Administration of the Company hereby notifies the Trustee that (i) the Conversion Price shall be adjusted from NT$497 to NT$483.16 per Common Share, calculated pursuant to Section 13.05(g) of the Indenture; (ii) such adjustment shall be effective immediately after the close of business on the relevant record date or the effective date as provided in the Indenture and (iii) the Conversion Price is adjusted due to the distribution of cash dividend.

Attachments

20210712_winsemi_adjustment of conversion price.pdf
Total size =95K