Investor Relations ASL Marine Holdings Ltd
News
Base Mandatory Redemption Relating To The Series 007 S$50,000,000 5.35 Per Cent. Notes Maturing In October 2026 (ISIN: SG6TC3000008) (The "Notes") Issued Under The S$500,000,000 Multicurrency Debt Issuance Programme (The "Programme") Establised By ASL Marine Holdings Ltd.
BackSep 17, 2024
| Issuer & Security | |
| Issuer/ Manager | ASL MARINE HOLDINGS LTD. |
| Security | ASL MARINE HOLDINGS LTD - SG1N25909283 - A04 |
| Announcement Title | Partial Redemption with reduction of nominal value |
| Date & Time of Broadcast | Sep 17, 2024 17:31 |
| Status | New |
| Corporate Action Reference | SG240917PCALTOQE |
| Submitted By (Co./ Ind. Name) | Koh Kai Kheng Irene |
| Designation | Group Financial Controller |
| Original Maturity Date | 01/10/2026 |
| Event Narrative | |
| Narrative Type | Narrative Text |
| Additional Text | Please refer to the attachment - Base Mandatory Redemption relating to the Series 007 S$50,000,000 5.35 per cent. Notes maturing in October 2026 (ISIN: SG6TC3000008) |
| Additional Text | The Board of Directors (the Board) of ASL Marine Holdings Ltd. (the Company) refers to the trust deed dated 7 May 2008, as amended and restated by the amendment and restatement trust deed dated 31 March 2014, and as further amended and restated by the second amendment and restatement trust deed dated 31 January 2017, |
| Additional Text | and as further amended and supplemented by the supplemental trust deed dated 1 February 2019, in each case between the Company, as issuer, and the Trustee, as trustee (the Trust Deed). |
| Additional Text | Capitalised terms used but not defined in this Announcement shall have the meanings ascribed to such terms in the Trust Deed (as amended from time to time) relating to the Notes. |
| Additional Text | Pursuant to Condition 6(I) of the Notes, the Company is redeeming S$250,000 of the outstanding principal amount of the Notes on a pro rata basis, together with interest accrued, but unpaid, on the amount to be redeemed up to and excluding the date fixed for redemption, on 1 October 2024 (the Redemption Date). |
| Additional Text | The Company is providing the following additional information in relation to such redemption: |
| Additional Text | (a) immediately prior to the redemption referred to above, (i) the outstanding principal amount of each S$250,000 Denomination Amount of Notes is S$217,500 and (ii) the number of S$250,000 Denomination Amount of Notes outstanding is 200; |
| Additional Text | (b) the amount to be redeemed for each S$250,000 Denomination Amount of Notes is S$1,250(N1); |
| Additional Text | (c) the outstanding principal amount of each S$250,000 Denomination Amount of Notes after such partial redemption is S$216,250(N2); |
| Additional Text | (d) the record date for the purposes of the redemption shall be 24 September 2024; and |
| Additional Text | (e) trading and transfers of the Notes will be suspended from the record date until such time the redemption is effected by the Depository and the Notes being redeemed shall be debited from the Depository securities account or sub-account of the relevant holder of such Notes on the Redemption Date. |
| Additional Text | (N1) Calculated by dividing S$250,000 by the number of Notes specified in paragraph (a)(ii). (N2) Calculated by taking the difference between the amount specified in paragraph (a)(i) and the amount specified in paragraph (b). |
| Event Dates | |
| Record Date | 24/09/2024 |
| Disbursement Details | |
| Existing Security Details | |
| Cash Payment Details | |
| Redemption Rate (%) | 0.5747126 |
| Pay Date | 01/10/2024 |
| Outstanding Securities Redeemed (%) | 0.5747126 |
- Attachment 1 (Size: 104,371 bytes)