Asus 2008 Annual Report Download - page 57

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53
ˈˆʳ
Converted
(exchanged or
subscribed) common
stock, GDR, or
marketable security
up to the date of the
report printed
NT$7,000,000 (up to the date of the report printed)
Other rights
Issuance &
conversion (exchange
or subscription) Act
Except for periods of (1) the no-conversion period defined
by law (2) from three working days prior to ex-right date for
stock dividend registered with SEC by the company to the
baseline date of equity distribution; from three working days
prior to ex-dividend date for cash capitalization to the
b
aseline date of stock distribution; three working days prior
to cut-off date for cash capitalization to the baseline date o
f
equity distribution; and three working days prior to the
baseline day for merger or stock split to the baseline date,
creditors may request the company to have convertible
bonds converted to the company’ s common stock in
accordance with Article 11, Article 12, and Article 17 of this
Act at any time from the 31st day of the issuance date to ten
days before the due date.
Issuance and conversion, exchange or
subscription measures; the influence o
f
issuance conditions on the dilution o
f
equity and shareholder’ s equity
ȐaȑThe convertible bond helps avoid profit erosion and
minimize the dilution of shareholder’ s equity and ERP
resulted from the substantial increase of stock shares;
therefore, it is to the best interest of shareholders.
ȐbȑBased on the conversion price of NT$105.4, the dilution
of shareholder’ s equity caused by the convertible
corporate bond is 3.23%; therefore, the dilution effect is
insignificant.
Depository institute -
(II)
Convertible Bonds
1.
1
st
overseas convertible bond
Type of Corporate Bond 1
st
overseas convertible bond
2008
As of April 14, 2009
(Note)
Max. US$1,525.010 US$936.250
Min. US$875.025 US$935.000
Market price of
convertible bond
Average US$1,208.263 US$935.625
Conversion price NT$65.7
Issuing (processing) date & conversion price January 15, 2004 NT$100.86
Obligation of Conversion New stock issuance
Note: 1st ECB was liquidated on January 15, 2009.
Year
Ite
m