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

By Mary-Katherine Stinson

Lexington, Ky., May 10 – 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 a dividend payment, the conversion price will be adjusted to HK$100.72 from HK$101.46 effective from May 17.

The board will pay a final year-end dividend of HK$0.72 per share to shareholders of record as of May 16. The final dividend was approved by the shareholders in the annual general meeting on May 10.

The total number of the issued shares of the company is 2,832,623,500.

Following the adjustment, and assuming full conversion of the bonds, the bonds will be convertible into 85,847,895 conversion shares, representing 3.03% of the issued share capital of the company and 2.94% of the issued shares as enlarged by the issue of such conversion shares.

Additionally, the company has made an application to list an additional 626,133 conversion shares that may be issued on exercise of the bonds’ conversion rights.

Anllian Capital is based in Hong Kong.

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