REG - Acer Incorporated Acer Inc. - ACIA - To announce the Company's information

AcerAnnouncement

17/03/2022 09:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220317:nRSQ1219Fa&default-theme=true

RNS Number : 1219F  Acer Incorporated  17 March 2022

Subject: Explanation about the Company's shareholders participating AGM's
capital increase in cash (To adjust the transaction agenda)

Date of events: 2022/03/17

Contents:

1.Date of occurrence of the event:2022/03/17

2.Company name: Acer Inc.

3.Relationship to the Company (please enter "head office" or "subsidiaries"):
head office

4.Reciprocal shareholding ratios: N.A.

5.Cause of occurrence:

For the process of having the shares of Acer Gaming Inc. ("AGM") be listed and
traded on Taiwan Stock Exchange or Taipei Exchange, the Company decides to
release part of the new shares (7,750,000 shares) issued by AGM's capital
increase in cash to the Company's shareholders.

6.Countermeasures: None

7.Any other matters that need to be specified:

Explanation about the Company's shareholders who are eligible to subscribe the
new shares issued by AGM's capital increase in cash:

(1)The Company's subsidiary, Acer Gaming Inc. (non-public, hereinafter "AGM"),
will issue 15,000,000 common shares (hereinafter "AGM new common shares") by
first capital increased in cash in 2022. The AGM new common shares will be
issued at NT$18 per share, and it is expected to acquire NT$270 million to
enrich capital for AGM's operation and business. Pursuant to the Article 267
of Company Act, 15% of the AGM new common shares, i.e. 2,250,000 common
shares, will be reserved for the employees; and the remaining 85% of the AGM
new common shares, i.e. 12,750,000 common shares, will be reserved for the
original shareholders of AGM based on the list of shareholders roster on the
dividend record date. Since the Company has held 100% of the shares of AGM,
the Company will be able to subscribe 12,750,000 common shares from the AGM
new common shares.

(2)The Company waives subscription from the AGM new common shares that the
Company may subscribed with 7,750,000 shares. The shareholders who are
recorded in the Company's shareholders register on the latest book closure
date (April 12, 2022) will be qualified to purchase AGM's common shares with
calculating the percentage of whose holding of the Company's common shares,
and each share of the Company will be granted to purchase 0.00254277 AGM's
common share (will be rounded down to the nearest whole number without any
discretion).

(3)Shareholders may apply to the Company's stock affairs office for
combination of their shares before the end of the payment date for the
transaction. Shareholders not applying for combination within the period or
whose combined shares are less than one AGM's common shares will be deemed to
waive whose rights of subscription.

(4)Shareholders who own the Company's share after the book closure date,
before the end of the payment date for the purchase, will be granted to apply
for the purchase by submitting whose certificate of stock ownership to the
Company's stock affairs office. The Company will deem the applicant as the
designated individuals and accept whose application of purchase in accordance
with the conditions herein.

(5)In accordance with conditions herein, any shareholders who have rights to
subscribe more than 1,000 AGM's common shares, will be provided with the
notice of the payment by an ordinary mail.

(6)As to the shareholder whose rights of purchase are less than 1,000 AGM's
common shares, the Company will not provide any notice individually besides
this announcement, such shareholders shall contact to the Company's stock
affairs office directly.

(7)Planned agenda for the transaction is adjusted as follows:

a. The payment term is from April 18, 2022 to April 22, 2022.

b. The end date of the application for the combination of the shares: April
22, 2022.

c. The end date of the application for the shareholders who own the Company's
share after the book closure date (April 12, 2022): April 22, 2022.

(8)After the AGM has been completed its changing registration for capital
increase in cash, AGM will notify the shareholder who participates the
subscription separately.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCKDLBFLXLFBBZ