Vobile Group (03738) announced that all conditions precedent under the subscription agreement have been satisfied, and completion took place on October 27, 2026, with the bond issuance being completed on October 27, 2026.
The bonds were listed on October 27, 2026 on the Vienna MTF operated by the Vienna Stock Exchange. The bonds have been placed by the manager to no fewer than six independent subscribers (all of whom are professional investors). To the best of the directors' knowledge, as at the date of this announcement, each subscriber and their respective ultimate beneficial owners are independent third parties of the company.
Assuming the bonds are fully converted into new shares at the initial conversion price and after deducting the manager's commission and other estimated fees and expenses relating to the bond issuance, the estimated net proceeds from the bond issuance will be approximately HK$519.3 million, representing a net issue price of HK$2.959 per new share based on the initial conversion price.
The company intends to use approximately HK$514 million of the net proceeds from the bond issuance to repay existing debts maturing within this year, and to use the remaining net proceeds for general working capital purposes (including supplementing the group's working capital and paying operating expenses).
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