09 June 2021
Receipt of the 1st put notice
Dear valued shareholders,
Pursuant to the terms and conditions of Instrument constituting the US$10,100,000 Convertible Bonds issued by Everpia on 06th Sep 2018 for Shinhan Bank Co., Ltd (as trustee of Rhinos Vietnam Convertible bond Private Investment fund No.4), bondholder is entitled to request Everpia to redeem early all or a part of the Bonds at put option of bondholder since 06th Sep 2021 and each and every date falling every 03 months thereafter (“Put Date”). To exercise put option, bondholder must deliver 2 notices to Everpia:
In fact, Everpia has reserved financial resources for the scenario of early redemption of bondholders. According to the consolidated financial statements of 1Q 2021, the total amount of cash, cash equivalents and held-to-maturity investments of the Company is more than VND 557 billion. Therefore, the early redemption does not affect the cash flow plan for business operation of the Company.
Everpia JSCPursuant to the terms and conditions of Instrument constituting the US$10,100,000 Convertible Bonds issued by Everpia on 06th Sep 2018 for Shinhan Bank Co., Ltd (as trustee of Rhinos Vietnam Convertible bond Private Investment fund No.4), bondholder is entitled to request Everpia to redeem early all or a part of the Bonds at put option of bondholder since 06th Sep 2021 and each and every date falling every 03 months thereafter (“Put Date”). To exercise put option, bondholder must deliver 2 notices to Everpia:
- First notice: send a written preliminary non-binding notice not less than 03 months prior to the Put Date. This preliminary notice generates no obligations for 02 parties.
- Second notice: send a written official notice not less than 1 (one) months prior to the Put Date. This official notice can only be revoked with a consent of Everpia.
- Expected redemption price: US$ 10,946,606 (including face value US$ 10,100,000 and compound interest rate 3.5%, excluding the paid coupon interest of 1%)
- Expected put date: 06th Sep 2021
In fact, Everpia has reserved financial resources for the scenario of early redemption of bondholders. According to the consolidated financial statements of 1Q 2021, the total amount of cash, cash equivalents and held-to-maturity investments of the Company is more than VND 557 billion. Therefore, the early redemption does not affect the cash flow plan for business operation of the Company.
Yours sincerely!