Logan Group secures over-90% consent to amend US$350 million perpetual securities

Bulletin Express05-21 19:23

Logan Group Company Limited (Logan Group) announced that holders representing more than 90% of the aggregate principal of its US$350.00 million subordinated perpetual capital securities have delivered valid consent and blocking instructions, enabling the Written Resolution to take effect as an Extraordinary Resolution on 2 December 2025.

The approval triggers the following key changes:

1. Condition Amendments • The Written Resolution, now binding on all securityholders, amends the terms of the securities as outlined in the Notice to Securityholders dated 24 November 2025. • Logan Group has committed to effect a redemption by shares within six months after the occurrence of the specified Relevant Event Date (RED).

2. Supplemental Trust Deed • As authorised, the Issuer and the Trustee have executed and delivered a Supplemental Trust Deed to reflect the amended conditions.

The announcement, released under Hong Kong Listing Rule 13.10B to mirror information filed with the Singapore Exchange, emphasises that the Written Resolution’s passage is final and applies to all holders, irrespective of individual voting decisions.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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