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

By Mary-Katherine Stinson

Lexington, Ky., Aug. 23 – 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 Aug. 23 declaration of a dividend by the board, the conversion price will be adjusted to HK$101.90 from HK$102.63 effective from Sept. 7.

The board will pay an interim dividend of HK$0.62 per share for the six months ended June 30 to the shareholders whose names appear on the register of members of the company as of 4:30 p.m. ET on Sept. 6.

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 84,853,778 conversion shares, representing 3.13% of the issued share capital of the company and 3.03% 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 603,559 conversion shares that may be issued on exercise of the bonds’ conversion rights.

Anllian Capital is based in Hong Kong.

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