Core Viewpoint - Tianyang Technology Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price meeting specific criteria, leading to the decision to redeem the bonds at a price of 100.24 yuan per bond [2][12][13] Group 1: Bond Redemption Details - The company has decided to exercise its right to redeem the "Tianyang Convertible Bonds" early, following a board meeting on June 18, 2025 [2][3] - The redemption price is set at 100.24 yuan per bond, which includes accrued interest [12][13] - The bonds will be delisted from the Shenzhen Stock Exchange after the redemption is completed [12][14] Group 2: Triggering Conditions - The redemption clause was triggered as the stock price was at least 130% of the current conversion price (15.23 yuan per share) for at least 15 trading days within a 30-day period [2][12] - The current conversion price for the bonds is 11.71 yuan per share [11][12] Group 3: Bond Issuance and Terms - The company issued a total of 975 million yuan in convertible bonds, with an initial conversion price set at 14.92 yuan per share [3][5] - The bond's conversion period started on October 9, 2023, and will last until March 22, 2029 [3][5] - The bond's conversion price has been adjusted multiple times, with the latest adjustment setting it at 11.71 yuan per share effective from May 27, 2025 [11][12]
天阳科技: 关于提前赎回“天阳转债”的第一次提示性公告