MICROPORT (00853) Issues 43.55 Million Conversion Shares Following Partial Conversion of Convertible Loans

Stock News
Aug 04

MICROPORT (00853) announced that the company recently received several conversion notices from lenders requesting to exercise the conversion rights attached to the convertible loans. The lenders sought to convert a principal amount of USD 41.5 million (equivalent to HKD 325 million) into 43.55 million conversion shares at a conversion price of HKD 7.46 per conversion share.

Consequently, on August 4, 2025, 43.55 million conversion shares (representing approximately 2.34% of all issued shares immediately before the issuance of the conversion shares and approximately 2.29% of all issued shares as enlarged by the issuance of the conversion shares) have been allotted to the relevant lenders in accordance with the terms and conditions of the convertible loans.

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