Dynamic Electronics : The company intends to adjust the handling principles ofthe second issued domestic unsecuredconvertible bonds after the delisting on the share swap base date
The company intends to adjust the handling principles
ofthe second issued domestic unsecuredconvertible
bonds after the delisting on the share swap base date
Date of events
2022/05/21
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/05/21
2.Company name:Dynamic Electronics Co., Ltd.
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):The Company
4.Reciprocal shareholding ratios:Not applicable
5.Cause of occurrence:
(1) The Company establishing a new company "Dynamic Holdings Co., Ltd."
by share swap and becoming a 100% subsidiary of "Dynamic Holdings
Co., Ltd." (hereinafter referred to as the Share Swap Case) and
related resolution on share swap of Dynamic Electronics Co., Ltd.
(hereinafter referred to as the share swap resolution) are passed
with resolutions of the Company's Board of Directors on March 31, 2022
and the Shareholders' Meeting of shareholders on May 20, 2022.
(2) Since the second domestic unsecured convertible bonds (hereinafter
referred to as Dynamic ll CB) issued by the Company will be delisted
from OTC at the same time of the share swap base date, in order to take
into account the equities of the creditors and the Company's
shareholders, it is planned to follow the authorization of Article 13,
Paragraph 2, of the share swap resolution passed by the shareholders'
meeting on May 20, 2022, to adjust the handling principles of Dynamic
II CB of Article 11(1)"After this share swap case is approved by the
competent authority, and before the share swap base date, the creditor
may apply for a sell-back or exercise the right of conversion in
accordance with the corporate bond issuance and conversion method
within the specified period announced by the Company. The Dynamic ll CB
applied for sell-back will be redeemed in cash at the price of the
"Face Value" for each bond with interest compensation added. The
interest compensation is calculated based on the actual yield of 0.25%
multiplied by the actual number of days of issuance, that is, it is
calculated from the issuance date to the sell-back basis date. " to
"After this share swap case is approved by the competent authority,
and before the share swap base date, the creditor may apply for a
sell-back or exercise the right of conversion in accordance with the
corporate bond issuance and conversion method within the specified
period announced by the Company. The Dynamic ll CB applied for
sell-back will be redeemed in cash at the price of the "Issued
Price" of each bond with interest compensation added. The interest
compensation is calculated based on the actual yield of 0.25% multiplied
by the actual number of days of issuance, that is, it is calculated
from the issuance date to the sell-back basis date." The rest shall
still be handled in accordance with the provisions of the share swap
resolution.
6.Countermeasures:
The relevant creditors' application for the transfer of securities back to
the Company after Dynamic ll is delisted from the OTC will not be processed
until Dynamic ll is delisted and the share swap case is approved by the
Taiwan Stock Exchange Corporation. At that time, the company will further
announce the relevant operating procedures and content of the creditor's
handling procedures of the sale and transfer of Dynamic ll.
7.Any other matters that need to be specified:None.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Dynamic Electronics Co. Ltd. published this content on 21 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 May 2022 10:05:01 UTC.
Dynamic Holding Co Ltd is a Taiwan-based company mainly engaged in the manufacturing, processing and sales of printed circuit boards. The Company's main products include traditional rigid boards, high-density link boards, rigid-soft composite boards, high-grade multilayer boards, thick copper boards, high heat dissipation boards with embedded copper blocks, and high frequency microwave boards. The products are mainly used in automotive, optoelectronics, storage devices, consumer electronics, networking and green energy boards. The Company sells products in the Taiwan market as well as in mainland China, Germany, Thailand, Korea, the United States and other overseas markets.
Dynamic Electronics : The company intends to adjust the handling principles ofthe second issued domestic unsecuredconvertible bonds after the delisting on the share swap base date