Conversion Price Adjustment for 1st and 2nd Series Overseas Unsecured Convertible Bonds
Original: 公告調整本公司第一次及第二次海外無擔保可轉換公司債 轉換價格
Summary
Wiwynn (6669) has announced an adjustment to the conversion prices of its First and Second Series of overseas unsecured convertible bonds. Conversion price resets directly affect the dilution math for equity investors and alter the economics for bondholders, making this relevant to both groups. Full body available on MOPS.
Full Translation
Announcement: Adjustment to the Conversion Prices of the Company's First and Second Series of Overseas Unsecured Convertible Bonds. The company is revising the contractual conversion prices applicable to both its First Series and Second Series of overseas, unsecured convertible bonds (ECBs). Under TWSE/FSC rules, conversion prices on convertible bonds are subject to mandatory downward adjustment upon certain corporate actions (e.g., cash dividends, stock dividends, capital reductions, or rights offerings) or may be reset pursuant to the bond indenture's anti-dilution or reset provisions. The adjustment affects the number of new shares that bondholders are entitled to receive upon conversion, thereby impacting potential dilution for existing shareholders and altering the conversion premium or discount for current ECB holders. [Body not available — subject line only. See MOPS for full announcement.]