General Announcement::Reset of Conversion Price of the Convertible Bonds

Issuer & Securities

Issuer/ Manager
BAY AREA GOLD GROUP LIMITED
Securities
BAYAREAGHK$1.028B7.25%CB180204 - XS0880097620 - 2PAB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
02-Apr-2020 08:21:06
Status
New
Announcement Sub Title
Reset of Conversion Price of the Convertible Bonds
Announcement Reference
SG200402OTHRFS42
Submitted By (Co./ Ind. Name)
Securities Market Control
Designation
SGX-ST
Description (Please provide a detailed description of the event in the box below)
The Board announces, and notice is hereby given, that as the Average Market Price (being HK$0.0443 per Share) prior to 31 March 2020 is less than the prevailing Conversion Price (being HK$0.088 per Share) and the reset floor price (being HK$0.071 per Share), the Conversion Price has been adjusted to HK$0.071 per Share, being the Benchmark Price, with effect from 31 March 2020. Save for the above adjustment, all other Amended Terms and Conditions of the Bonds remain unchanged. For more details, please see attached anouncement.

Attachments

Bay Area Gold Group Limited - Announcement dated 31 March 2020.pdf
Total size =25K

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