Anllian trims conversion price of €1 billion 0% bonds due 2025

By Rebecca Melvin

Concord, N.H., May 11 – Anllian Capital Ltd., a wholly owned subsidiary of ANTA Sports Products Ltd., will adjust the conversion price of its €1 billion zero-coupon guaranteed convertible bonds due 2025, according to a notice.

As a result of the declaration of a special interim dividend by the board, the conversion price will be adjusted to HK$102.63 from HK$103.42 effective May 17.

The board will pay a final dividend of HK$0.68 per share for the year ending Dec. 31 to the shareholders whose names appear on the register of members of the company as of 4:30 p.m. ET on May 16.

The total number of the issued shares of the company is 2,713,623,500.

Following the adjustment, and assuming full conversion of the bonds, the bonds will be convertible into 84,250,219 conversion shares, representing approximately 3.10% of the issued share capital of the company and approximately 3.01% of the issued share capital of the company as enlarged by the issue of such conversion shares.

Additionally, the company has made an application to list an additional 643,567 conversion shares that may be issued on exercise of the bonds’ conversion rights.

Anllian Capital is based in Hong Kong.

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