Great Wall Motor (02333): The conversion price of “Changqi Convertible Bonds” will be adjusted to 39.93 yuan/share

Zhitong Finance ·  Feb 21 17:13

According to the Zhitong Finance App, Great Wall Motor (02333) announced that on June 10, 2021, the company publicly issued 35 million convertible corporate bonds, each with a face value of 100 yuan, and issued a total of 3.5 billion yuan. The bonds were listed and traded on the Shanghai Stock Exchange on July 8, 2021. The bonds are abbreviated as “Changqi Convertible Bonds”, and the bond code is 113049. The Changqi Convertible Bond will last for 6 years, from June 10, 2021 to June 9, 2027. The starting and ending date of the share conversion is from December 17, 2021 to June 9, 2027. The initial conversion price is 38.39 yuan/share.

According to the relevant provisions of the “Prospectus”, the share conversion price will be adjusted due to the issuance of additional new shares by the company (autonomous exercise of options, repurchase and cancellation of restricted shares, and granting of registered restricted shares to incentive recipients). The conversion price of “Changqi Convertible Bonds” will be adjusted from 40.08 yuan/share to 39.93 yuan/share. The adjusted share conversion price will take effect on February 23, 2024. “Changqi Bonds” stopped converting shares on February 22, 2024, and resumed share swaps on February 23, 2024.

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