Securities code: Jiangsu Financial Leasing Co.Ltd(600901) securities abbreviation: Jiangsu Financial Leasing Co.Ltd(600901) Announcement No.: 2022023 convertible bond Code: 110083 convertible bond abbreviation: Soviet rent convertible bond Jiangsu Financial Leasing Co.Ltd(600901) about profit distribution
Announcement on adjusting the price of convertible bonds to shares
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and completeness of its contents.
Important content tips:
Conversion price before adjustment: 5.42 yuan / share
Adjusted conversion price: 5.07 yuan / share
The implementation date of the price adjustment of the conversion of suzu convertible bonds: on May 30, 2022, upon the approval of the China Securities Regulatory Commission, Jiangsu Financial Leasing Co.Ltd(600901) (hereinafter referred to as “the company”) publicly issued 50 million convertible corporate bonds on November 11, 2021, with a face value of RMB 100 each and a total issuance amount of RMB 5 billion. The duration of “Su rent convertible bonds” is 6 years, the start and end time of the conversion is from May 17, 2022 to November 10, 2027, and the initial conversion price is RMB 5.42/share.
1、 Adjustment basis of conversion price
On May 12, 2022, the company held the 2021 annual general meeting of shareholders, deliberated and approved the proposal on profit distribution of the company in 2021, and agreed to distribute cash dividends of 3.50 yuan (including tax) to all shareholders for every 10 shares based on the total share capital on the date of equity distribution registration in 2021. If the total share capital changes before the date of equity distribution and equity registration, the company plans to maintain the distribution proportion per share unchanged and adjust the total distribution accordingly. The equity registration date for the implementation of this equity distribution is May 27, 2022, and the cash dividend payment date (ex dividend date) is May 30, 2022. For details, see the announcement on the implementation of Jiangsu Financial Leasing Co.Ltd(600901) 2021 annual equity distribution (Announcement No.: 2022022) disclosed on the same day.
According to the relevant provisions of the prospectus for Jiangsu Financial Leasing Co.Ltd(600901) public offering of A-share convertible corporate bonds (hereinafter referred to as the “prospectus”), after the issuance of Su rent convertible bonds, if the company distributes bonus shares, converts to increased share capital, issues additional new shares (excluding the increased share capital due to the conversion of convertible corporate bonds by the issuing bank), allots shares and distributes cash dividends, the conversion price shall be adjusted accordingly. Therefore, the price adjustment of Su rent convertible bonds to shares complies with the provisions of the prospectus.
2、 Conversion price adjustment formula and adjustment result
According to the relevant provisions of the prospectus, after the issuance of Su rent convertible bonds, when the company changes the shareholders’ equity of the bank due to the distribution of cash dividends, the company will adjust the conversion price according to the following formula (retain two decimal places and round the last one):
P1=P0-D；
Where: P0 is the conversion price before adjustment, D is the cash dividend per share, and P1 is the conversion price after adjustment.
According to the above provisions, due to the company’s profit distribution in 2021, the conversion price of suzu convertible bonds will be adjusted from 5.42 yuan / share to 5.07 yuan / share. The adjusted conversion price will take effect from May 30, 2022 (ex dividend date).
From May 23, 2022 to May 27, 2022 (equity distribution and equity registration date), the conversion of Soviet rent convertible bonds shall be stopped, and the conversion shall be resumed from May 30, 2022.
It is hereby announced.
Jiangsu Financial Leasing Co.Ltd(600901) board of directors may 24, 2022
