Raffles Education Limited (NR7) has issued 47,692 ordinary shares following the conversion of S$3,100 in principal amount of its 5-year zero-coupon convertible bonds first placed in August 2022.\n\nThe conversion was executed on August 17, 2026, at the predetermined conversion price of SGD0.065 per share, in line with the terms of the Convertible Bonds Trust Deed dated August 30, 2022. No adjustment to the conversion price was required, as the exercise was effected under the original terms of the issue.\n\nPost-conversion, the company’s issued share capital increased to 1,819,522,087 shares from 1,819,474,395 previously. The outstanding principal of the convertible bonds fell marginally to SGD38.365 million from SGD38.368 million.\n\nThe newly issued shares will be listed and quoted on the Singapore Exchange’s Mainboard on August 20, 2026, with trading set to commence at 9:00 a.m.\n\nRaffles Education raised the convertible bonds through a rights issue and private placement completed in 2022 to strengthen its balance sheet and fund working-capital requirements. The bonds are due in 2027 and carry a nil coupon, with holders entitled to convert into new shares at the fixed price of SGD0.065 per share.