Bojay(SZ:002975) Zheng Quan Zhi Xing·2025-04-01 10:33Key Points - The company announced the conversion of its convertible bonds and the changes in its share capital for the first quarter of 2025 [1][10] - The initial conversion price for the convertible bonds was set at 62.17 yuan per share, which was adjusted to 61.82 yuan after a cash dividend distribution [2][3] - The conversion price was further adjusted to 61.85 yuan and then to 61.87 yuan due to additional share repurchases [4][5] - The latest adjustment brought the conversion price down to 26.82 yuan per share, effective from August 13, 2024, following a proposal by the board [9] - The company triggered the conditional redemption of the convertible bonds as the stock price exceeded 130% of the conversion price for 15 trading days [10] - As of March 31, 2025, the remaining balance of the convertible bonds was 133,305,400 yuan, with a total of 1,333,054 bonds outstanding [10] Convertible Bond Issuance - The company issued 5.26 million convertible bonds at a face value of 100 yuan each, totaling 526 million yuan [1][2] - The bonds were listed on the Shenzhen Stock Exchange on December 17, 2021 [2] Share Capital Changes - The total share capital was adjusted from 139,688,259 shares to 139,378,919 shares after the repurchase and cancellation of restricted stocks [4] - The total share capital further decreased to 139,124,078 shares following another round of stock repurchase [5][6] - The final adjustment brought the total share capital to 138,939,916 shares after the latest repurchase [6] Dividend Distribution - The company distributed a cash dividend of 3.50 yuan per 10 shares, impacting the conversion price of the bonds [2][3]