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To announce the Company's information

12 Feb 2019 09:52

RNS Number : 7587P
Acer Incorporated
12 February 2019
 

Subject: On behalf of subsidiary Acer Europe B.V. announce the acquisition of EUR Term Liquidity Fund

To which item it meets--article 4 paragraph xx:20

Date of events: 2019/02/12

Contents:

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):EUR Term Liquidity Fund

2. Date of occurrence of the event: 2019/02/12

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

Total Amount: EUR 38,000,000

4. Counterparty 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):

Citibank Taiwan Limited(offshore banking unit); non-related party

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: Not applicable

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: Not applicable

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): Not applicable

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): Not applicable

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

Payment in full; anti-assignment

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

Subject to Article 5, section 2, paragraph (1) (c) of Acer "Procedures Governing Acquiring or Disposing of Assets"

11. Net worth per share of the underlying securities acquired or disposed of:

Not applicable

12. 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):

Accumulated (this investment included) amount is EUR 38,000,000; non-pledge

13. Current ratio of long or short term securities investment (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: 0.85%; Current ratio of long or short term securities investment to the shareholder's equity: 2.31%; operating capital: NTD(10,071,521) K

14. Broker and broker's fee: None

15. Concrete purpose or use of the acquisition or disposal: Short Term Investment

16. Do the directors have any objection to the present transaction?: Not applicable

17. Is it a related party transaction?: Not applicable

18. Date of the board of directors' resolution: Not applicable

19. Date of the recognition of the supervisors or the board of independent directors' resolution: Not applicable

20. Has the CPA issued an opinion on the unreasonableness of the price of the current transaction?: Not applicable

21. Name of the CPA firm: Not applicable

22. Name of the certifying CPA: Not applicable

23. The practice certificate number of the CPA: Not applicable

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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