Unless previously redeemed or purchased
and cancelled, the Company shall satisfy its
obligation to redeem the Rights 2021 MCBs
on the Maturity Date by mandatorily
converting the Rights 2021 MCBs into
Shares (the “Rights 2021 MCB Conversion
Shares”) on the Maturity Date.
The number of Rights 2021 MCB Conversion
Shares to be delivered to a holder of the
Rights 2021 MCBs (“Bondholder”) in respect
of its holding of Rights 2021 MCBs will be
determined by dividing the Final Accreted
Principal Amount of the Rights MCBs held by
such Bondholder as at the Maturity Date by
the Conversion Price in effect at the Maturity
Date. Please refer to the Appendix for further
details.
Fractions of a Rights 2021 MCB Conversion
Share will not be issued on conversion and no
adjustment or cash payment will be made in
respect of such fractions of Rights 2021 MCB
Conversion Shares.
For the avoidance of doubt, the Rights 2021
MCBs shall be convertible on the Maturity
Date only and not at any time prior to the
Maturity Date