Investor Relations ASL Marine Holdings Ltd
News
Final Redemption Relating To The Series 006 S$100,000,000 4.75 Per Cent. Notes Maturing In March 2025 (ISIN: SG6Z90991217) (The "Series 006 Notes") Issued Under The S$500,000,000 Multicurrency Debt Issuance Programme (The "Programme") Establised By ASL Marine Holdings Ltd.
BackMar 14, 2025
| Announcement Title | Final Maturity |
| Date & Time of Broadcast | Mar 14, 2025 17:43 |
| Status | New |
| Corporate Action Reference | SG250314REDM1HYJ |
| Submitted By (Co./ Ind. Name) | Koh Kai Kheng Irene |
| Designation | Group Financial Controller |
| Original Maturity Date | 28/03/2025 |
| Event Narrative | |
| Narrative Type | Narrative Text |
| Additional Text | Please refer to the attachment - Final Redemption relating to the Series 006 S$100,000,000 4.75 per cent. Notes maturing in March 2025 (ISIN: SG6Z90991217) |
| Additional Text | The Board of Directors (the Board) of ASL Marine Holdings Ltd. (the Company) refers to: (a) the trust deed dated 7 May 2008, as supplemented by a supplemental trust deed dated 21 March 2014, and as amended and restated by the 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 DBS Trustee Limited (the Trustee), as trustee (the Trust Deed); and (b) the Company announcement dated 28 February 2025 (the Previous Announcement). |
| 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 Series 006 Notes and the Previous Announcement. |
| Additional Text | Pursuant to Condition 5(a) of the Series 006 Notes, the Company is redeeming all of the outstanding principal amount of the Series 006 Notes due on 28 March 2025, together with interest accrued, but unpaid, on the amount to be redeemed up to and excluding the date fixed for redemption, on 28 March 2025 (the Maturity 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 Series 006 Notes is S$216,250 and (ii) the number of S$250,000 Denomination Amount of Series 006 Notes outstanding is 400; |
| Additional Text | (b) the amount to be redeemed for each S$250,000 Denomination Amount of Series 006 Notes is S$216,250; |
| Additional Text | (c) the outstanding principal amount of each S$250,000 Denomination Amount of Series 006 Notes after such final redemption is S$Nil (N1); (d) the record date for the purposes of the redemption shall be 21 March 2025; and |
| Additional Text | (e) trading and transfers of the Series 006 Notes will be suspended from the record date until such time the redemption is effected by the Depository and the Series 006 Notes being redeemed shall be debited from the Depository securities account or sub-account of the relevant holder of such Series 006 Notes on the Maturity Date. |
| Additional Text | (N1) Calculated by taking the difference between the amount specified in paragraph (a)(i) and the amount specified in paragraph (b). |
| Event Dates | |
| Record Date | 21/03/2025 |
| Ex Date | 20/03/2025 |
| Disbursement Details | |
| Existing Security Details | |
| Disbursement Type | Cash |
| Cash Payment Details | |
| Redemption Rate (%) | 100 |
| Pay Date | 28/03/2025 |
- Attachment 1 (Size: 106,671 bytes)