Vobile Group (stock code: 3738) entered into a subscription agreement with three investors on September 27, 2024, intending to issue a total of HK$78,000,000 zero coupon convertible bonds, subscribed by investors A, B, and C. The bonds will mature in 2027 and can be converted into approximately 1.76% of the company's shares, assuming no further share issuance or repurchase. The initial conversion price is HK$1.95 per share, with a premium of approximately 5.98% over the closing price on the date of the subscription agreement. After the issuance is completed, it is expected to raise a net amount of approximately HK$76 million, with 75% to be used for investment purposes and 25% for general operating funds. The issuance of convertible bonds and distribution of convertible shares do not...Show More

Vobile Group (stock code: 3738) entered into a subscription agreement with three investors on September 27, 2024, intending to issue a total of HK$78,000,000 zero coupon convertible bonds, subscribed by investors A, B, and C. The bonds will mature in 2027 and can be converted into approximately 1.76% of the company's shares, assuming no further share issuance or repurchase. The initial conversion price is HK$1.95 per share, with a premium of approximately 5.98% over the closing price on the date of the subscription agreement. After the issuance is completed, it is expected to raise a net amount of approximately HK$76 million, with 75% to be used for investment purposes and 25% for general operating funds. The issuance of convertible bonds and distribution of convertible shares do not require shareholder approval and will apply for the listing of convertible shares on the Stock Exchange of Hong Kong. The completion of the subscription agreement is subject to several conditions, including obtaining all necessary consents and approvals, as well as approval from the Listing Committee of the Stock Exchange for the listing of the convertible shares. If the conditions are not met, the subscription agreement may be terminated.