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Invest a potential private placement

27 Jun 2016 07:00

RNS Number : 2757C
Acer Incorporated
25 June 2016
 

Subject: Acer Board approve to invest a potential private placement of Starbreeze Convertible Bonds

Statement:

1.Name and nature of the subject matter (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g. dividend yield):

Convertible Bonds of Starbreeze

2.Date of occurrence of the event:2016/06/24

3.Volume, unit price, and total monetary amount of the transaction:

Total amount may be around US$9 million

4.Counterpart to the trade and its relationship to the Company (if the trading counterpart is a natural person and furthermore is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed): N/A

5.Where the counterpart to the trade is an actual related party, a public announcement shall also be made of the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer, and date of acquisition: N/A

6.Where a person who owned the property within the past five years has been an actual related person of the company, a public announcement shall also include the dates and prices of acquisition and disposal by the related person and the person's relationship to the company at those times: N/A

7.Matters related to the creditor's rights currently being disposed of (including types of collateral of the disposed creditor's rights; if the creditor's rights are creditor's rights toward a related person, the name of the related person and the book amount of the creditor's rights toward such related person currently being disposed of must also be announced): N/A

8.Anticipated profit or loss from the disposal (not applicable in cases of acquisition of securities) (where originally deferred, the status or recognition shall be stated and explained): N/A

9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:

It will be further announced when the terms are confirmed by the parties.

10.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department: Acer Board of Directors

11.Net worth per share of company underlying securities acquired or disposed of: N/A

12.The discrepancy between the reference price of private placement and the transaction amount per share is 20 percent or more of the transaction amount: N/A

13.Current cumulative volume, amount, and shareholding percentage of holdings of the security being traded (including the current trade) and status of any restriction of rights (e.g. pledges): Total amount may be around US$9 million

14.Current ratio of private placement of securities (including the current trade) to the total assets and shareholder's equity as shown in the most recent financial statement and the operating capital as shown in the most recent financial statement:

Current ratio of long or short term securities investment to the total assets: 57.43%;

Current ratio of long or short term securities investment to the total assets and shareholder's equity: 116.39%; Operating capital: -NTD13,090,458.

15.Broker and broker's fee: None

16.Concrete purpose or use of the acquisition or disposition: Strategic Investment

17.Do the directors have any objection to the present transaction?:None

18.The trading counterparty is a related party: No

19.Approval date by board of directors:2016/06/24

20.Recognition date by supervisors or submission date by audti committee: N/A

21.Has the CPA issued an opinion on the unreasonableness of the price of the current transaction?: N/A

22.Any other matters that need to be specified: None

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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