JLMAG lowers CB conversion price to HK$20.89 after 2025 dividend, ups potential issuance by 453,166 H shares

Bulletin Express04-28 23:03

JL MAG Rare-Earth Co., Ltd. (JLMAG) will adjust the conversion price of its US$117.50 million 1.75% guaranteed convertible bonds due 2030 from HK$21.15 to HK$20.89 per H share.

The change, effective 9 May 2026, follows shareholder approval of a final cash dividend of RMB2.2 (tax-inclusive) for every 10 shares for FY 2025. Under the bond terms, capital distributions trigger a downward revision of the conversion price.

Assuming full conversion of the remaining outstanding bonds at the new price, the maximum H shares issuable will rise to 36.86 million from 36.41 million—an increase of 453,166 shares. The revised total equates to 15.70% of JLMAG’s existing H-share capital and 13.57% of the enlarged H-share base post-conversion.

The additional shares will be allotted under the company’s refreshed general mandate approved on 27 October 2025. All other bond terms remain unchanged. Bondholders have been formally notified pursuant to the trust deed signed on 4 August 2025 among JL MAG Green Tech (Hong Kong) Company Limited (issuer), JLMAG (guarantor) and China Construction Bank (Asia) Corporation Limited.

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(JLMAG) will adjust the conversion price of its US$117.50 million 1.75% guaranteed convertible bonds due 2030 from HK$21.15 to HK$20.89 per H share. The change, effective...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"06680":"金力永磁"},"translate_title":"JLMAG于2025年派息后将可换股债券转换价下调至20.89港元，潜在发行增加453,166股H股","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"06680":1},"content_text":"JL MAG Rare-Earth Co., Ltd. (JLMAG) will adjust the conversion price of its US$117.50 million 1.75% guaranteed convertible bonds due 2030 from HK$21.15 to HK$20.89 per H share.\nThe change, effective 9 May 2026, follows shareholder approval of a final cash dividend of RMB2.2 (tax-inclusive) for every 10 shares for FY 2025. 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