MicroPort Scientific Corporation Announces Issuance of 95.95 Million New Shares Upon Full Conversion of $84.41 Million Convertible Bonds

Source: Gelonghui

Gelonghui, February 24 | MicroPort (00853.HK) announced that the company recently received a conversion notice from a bondholder regarding the exercise of conversion rights attached to the bonds, to convert bonds with an outstanding principal amount of US$84.41 million into shares of the company at a conversion price of HK$6.84 per share.

Accordingly, 95.95 million new shares (representing approximately 5.89% of the Company’s issued share capital immediately prior to such conversion and approximately 5.56% of the issued share capital as enlarged by the issuance of the new shares) have been allotted to the bondholders in accordance with the terms and conditions of the bonds. Upon completion of such conversion, the bonds will have been fully converted and there shall be no outstanding amounts payable thereunder.