Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(Incorporated in the Cayman Islands and continued in Bermuda with limited liability)
(Stock Code: 00138)
ADJUSTMENT TO
CONVERSION PRICE OF THE CONVERTIBLE BONDS ISSUED ON 30 MARCH 2016
Reference is made to the Company's circular dated 9 March 2016 (the "Circular") and the Company's announcement dated 4 June 2018. Unless otherwise stated herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.
ADJUSTMENT TO CONVERSION PRICE OF THE CONVERTIBLE BONDS ISSUED ON 30 MARCH 2016
The Board wishes to announce that the pursuant to the provisions on adjustments to the Conversion Price as stated in the Instrument and the CB Conditions, the Conversion Price of the Convertible Bonds will be adjusted from HK$0.75 to HK$0.72 per Conversion Share (the "Adjustment") as a result of the declaration by the Company on 30 August 2018 of the interim dividend of HK$0.035 per Share for the financial year of 2018. The Adjustment will be effective from 19 September 2018, being the Business Day next following the record date for the interim dividend of HK$0.035 per Share, in accordance with the terms and conditions of the Instrument and the CB Conditions. All the other terms of the Convertible Bonds remain unchanged.
As at the date of this announcement, the outstanding principal amount of the Convertible Bonds is HK$250,200,000. The Convertible Bonds entitle the holders thereof to convert the outstanding Convertible Bonds from 333,600,000 Conversion Shares before the Adjustment to 347,500,000
Conversion Shares after the Adjustment.
By Order of the Board of
CCT FORTIS HOLDINGS LIMITED
Tam Ngai Hung, Terry
Director
Hong Kong, 18 September 2018
As at the date of this announcement, the executive Directors are Mr. Mak Shiu Tong, Clement, Mr. Tam Ngai Hung, Terry and Ms. Cheng Yuk Ching, Flora and the independent non-executive Directors are Mr. Tam King Ching, Kenny, Mr. Chen Li and Mr. Chow Siu Ngor.