Jinshan Software (03888) issued an announcementnewcandycrush, based on the 2020 Convertible BondsnewcandycrushThe total payment of the 2021 final dividend, 2022 final dividend and 2023 final dividend will result in an adjustment (adjustment) to the conversion price of the 2020 Convertible Bonds. The adjustment will take effect on June 8, 2024, which is the day immediately after the record date of the 2023 final dividend. Assuming that no other events that may trigger an adjustment to the conversion price of the 2020 Convertible Bonds will occur on or before June 8, 2024, it is expected that the conversion price of the 2020 Convertible Bonds will be reduced from 35% per share.newcandycrush. 32 Hong Kong dollars adjusted to 34 per sharenewcandycrush.77 Hong Kong dollars.
Except for the above adjustment to the conversion price of the 2020 Convertible Bonds, other terms of the 2020 Convertible Bonds remain unchanged.
As at the date of this announcement, the total outstanding principal amount under the 2020 Convertible Bonds was HK$3.1 billion. Immediately after the adjustment and assuming that the outstanding principal amount of the above-mentioned 2020 Convertible Bonds remains unchanged, the maximum number of shares that the Company can be expected to be issued as a result of the conversion of the outstanding 2020 Convertible Bonds at the adjusted conversion price of HK$34.77 per share will be 89.1573 million shares, Compared with the original 87.769 million shares calculated at the current conversion price of HK$35.32 per share, an increase of 1.3884 million shares (additional conversion shares).
