Investor Presentaiton
Salient Convertible Bond ("CB") Terms (1/2)
Issue Size
Subscriber
Conversion Price
Cash Coupon
Enlarged Share capital ownership of
Bondholder (after full conversion of
Bonds)
Conversion Period
Up to US$15mm (approximately S$21.43mm¹)
InnoVision Pomelo LP ("Investor")
S$0.10²
Zero-coupon and shall not bear any interest whatsoever
12.25%
Bondholder has the right, at its option, to convert all its Bonds at any time up
until the date falling five Business Days before the Final Maturity Date into
Shares
Maturity Date
Three years + two years (at option of the Company)
Redemption Yield and Conditions
Note:
Redemption Events as follows:
A change in the current holder of the offices of Executive Chairman of
the Board or Chief Executive Officer of the Board other than as a result
of death, loss of physical or mental capacity (evidence of which shall
require the written opinion of a licensed medical practitioner) or pursuant
to legal or regulatory requirements;
"Delisting", "Change of Control", or "Merger";
On Maturity Date, unless previously redeemed or converted.
Redemption Yield: 8% compounded annually
1) Based on an agreed fixed exchange rate of US$1 to S$1.4284 in the Investment Agreement, being the closing exchange rate on the last business day
prior to the signing of the Investment Agreement as quoted by Bloomberg L.P.
2) Initial Conversion Price subject to adjustments under the Investment Agreement
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