Conversion Price Adjustment on Domestic First-Issue Unsecured Convertible Bonds
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 first domestically issued unsecured convertible bonds. Such adjustments typically occur following dividend distributions, capital reductions, or other corporate actions that trigger anti-dilution provisions under the bond indenture, and directly affect the number of shares bondholders may receive upon conversion. Full body available on MOPS.
Full Translation
Subject line translation: 'Announcement of a conversion price adjustment for the Company's first domestic unsecured convertible bonds.' Unimicron Technology (3037 TT) is disclosing a reset of the conversion price applicable to its first-series domestically listed unsecured convertible corporate bonds (無擔保轉換公司債). Under Taiwan Securities and Exchange Act regulations and standard convertible bond terms, the conversion price must be recalculated whenever a triggering event occurs — most commonly a cash dividend payment, a stock dividend, a capital reduction, or a rights offering — to preserve the economic entitlement of bondholders. The adjusted conversion price determines the share quantity a holder receives when exercising the conversion right; a lower conversion price is dilutive to existing equity holders but favorable to bondholders. Investors should review the full announcement on MOPS to confirm the specific old and new conversion prices, the effective date, and the underlying triggering event. [Body not available — subject line only. See MOPS for full announcement.]