D-Link 2004 Annual Report Download - page 44

Download and view the complete annual report

Please find page 44 of the 2004 D-Link annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 68

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68

16
D-LINK CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(Continued)
The conversion price was 64.2 New Taiwan dollars per share when the bonds were issued.
As of July 19, 2004, the conversion price was adjusted to 31.8 New Taiwan dollars per share
based on the prescribed formula.
˙ Conversion period:
The bondholders may exercise their conversion right at any time during the period from three
months after the issuance date to ten days before the maturity date, by converting the bonds
into a certificate for conversion of convertible bonds, and then converting the certificate into
common stock.
˙ Redemption right:
The bondholders may redeem their bonds within the first thirty days of the third year and the
fifth year after the issuance date, at a redemption price of 121.82% and 143.56%,
respectively, of the par value of the bonds at such dates. The bondholders may also redeem
their bonds within the period from the beginning of the sixth year after the issuance date to
ten days prior to the maturity date, at their par value.
As of December 31, 2004, the convertible bonds had been fully converted or redeemed.
(2) The first issuance of foreign convertible bonds
˙ Par value: US$40 million.
˙ Issue date: March 21, 2001.
˙ Issue price: at par value.
˙ Duration: five-years, maturing on March 21, 2006.
˙ Coupon rate: 0%
˙ Conversion objective: D-Link’ s common stock or global depository receipts (GDRs).
˙ Conversion period:
The bondholders may exercise their conversion right at any time during the period from
thirty days after the issuance date to thirty days before the maturity date, by converting the
bonds into a certificate for conversion of convertible bonds, and then converting the
certificate into common stock or GDRs.