Examples of Conversion Rights in a sentence
Furthermore, the CB Subscriber will be entitled to receive interest amount of 2% interest per annum, and exercise the Conversion Rights during the Conversion Period up to the Maturity Date.
However, this figure only implies a possible maximum dilution reference as the Conversion Rights attaching to the Convertible Bonds may or may not be exercised in part or in full by the CB Subscriber during the Conversion Period, and the nature of convertible bonds would not generally result in an immediate dilution effect to existing shareholders.
However, it should be noted that the aforementioned analyses are for illustrative purpose only and do not purport, in particular, whether and when the Conversion Rights attaching to the Convertible Bonds will be exercised, in part or in full, by the CB Subscriber.
On the other hand, if the Conversion Rights attaching to the Convertible Bonds are not exercised prior to the Maturity Date, the gearing ratioof the Group may increase due to redemption of the outstanding principal amount of the Convertible Bonds on the Maturity Date.
As further advised by the Directors, in the event that the CB Subscriber exercises the Conversion Rights attaching to the Convertible Bonds, assuming there are no other factors affecting the financial positions of the Group, the gearing position of the Group would improve and the conversion of the Convertible Bonds into the Conversion Shares would enlarge the capital base and increase the net assets of the Group.