Xtep Adjusts Convertible Bonds Terms Post-Dividend

Xtep International Holdings (HK:1368) has released an update.

Xtep International Holdings Limited has announced an adjustment to the conversion price of its Convertible Bonds from HK$9.6625 to HK$9.4865 following the declaration of a HK$8.0 cents per share final dividend for 2023. This adjustment, effective as of the announcement date, is in accordance with the terms of the Convertible Bonds, which are subject to change with dividend distributions. The total outstanding principal amount of the Convertible Bonds is now HK$525,314,462, which, based on the adjusted conversion price, could potentially increase the number of Conversion Shares upon full conversion to 58,703,308 Shares.

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