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1
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Conversion price
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VND39,058/share
(the initial conversion price of VND67,375/share was adjusted down due
to the anti-dilution provisions when HAGL paid bonus shares at 2:1 in 2011
and paid stock dividends at 100:15 in 2012)
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VND25,000/share, based on the anti-dilution provisions of the original
issuance plan.
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2
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Conversion and anti-dilution provisions
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- All or part of bonds can be converted into HAGL’s shares from March
01, 2013 to the due date.
- The conversion price can be adjusted to the lower level in the
following cases: (i) issue bonus shares; (ii) split shares; (iii) consolidate
shares, or (iv) re-classify shares; (v) pay dividends, (vi) issue new shares
at a price lower than market price at the issue time and (vii) other events
that cause dilution.
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- All or part of bonds can be converted into HAGL’s shares from March
01, 2013 to the due date.
- Bondholders have the obligation to send bond conversion notices to
the issuer no later than three months before the date of conversion.
- The conversion price can be adjusted to the lower level in the
following cases: (i) issue bonus shares; (ii) split shares; (iii) consolidate
shares, or (iv) re-classify shares; (v) pay dividends, (vi) issue new shares
at a price lower than market price at the issue time and (vii) other events
that cause dilution.
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3
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Rights to require the issuer to buy back bonds
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- At any time from August 31, 2013 to August 31, 2015, bondholders
have rights to require the issuer to buy back entire or a part of the issued
bonds, at a price equal to par value of bonds plus a bond interest which
arises from the payment date nearest to the date of repurchase.
- Bondholders have the obligation to notify the issuer of the
repurchase in 09 months before the implementation of repurchase.
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