Conversion Price Adjustment for Domestic First Unsecured Convertible Bond
Original: 公告本公司國內第一次無擔保轉換公司債轉換價格調整
Summary
Unimicron Technology has announced an adjustment to the conversion price of its domestic first-series unsecured convertible bonds (CB). Conversion price adjustments are typically triggered by corporate actions specified in the bond indenture—such as cash dividends, stock splits, or rights offerings—and alter the effective equity dilution ratio for bondholders who elect to convert. Full body available on MOPS.
Full Translation
Subject line translation: 'Announcement of Conversion Price Adjustment for the Company's Domestic First Unsecured Convertible Bonds.' Unimicron Technology (TWSE: 3037) has filed a material information announcement disclosing that the conversion price applicable to its first domestic unsecured convertible bond issuance has been revised. Under Taiwan's convertible bond regulations and standard indenture terms, such adjustments are mandatorily triggered by qualifying corporate events (e.g., cash dividend distributions, bonus share issuances, or capital reduction) and take effect on the ex-date of the triggering event. A downward adjustment to the conversion price is favorable to bondholders, lowering the per-share cost of conversion and increasing the number of new shares issuable upon full conversion, which has a dilutive effect on existing shareholders. Investors holding the convertible or the underlying equity should review the revised conversion price and the remaining convertible amount outstanding. [Body not available — subject line only. See MOPS for full announcement.]