ANTA lowers convertible bond conversion price after dividend payout
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ANTA Sports Products ( (HK:2020) ) has issued an update.
ANTA Sports Products has adjusted the conversion price on its EUR1.5 billion zero coupon guaranteed convertible bonds due 2029 after shareholders approved a final dividend for 2025. The conversion price will fall from HKD101.13 to HKD99.80 per share effective 19 May 2026, reflecting the impact of a HK108 cents per share dividend classified as a distribution under the bond terms.
Following the adjustment, the bonds will be convertible into 122,556,613 shares, equal to about 4.38% of current issued share capital and 4.20% on a fully diluted basis, assuming full conversion and no other changes in share count. ANTA has applied to the Hong Kong Stock Exchange to list an additional 1,611,790 shares that may be issued upon conversion, slightly increasing potential dilution while keeping all other bond terms unchanged.
The most recent analyst rating on (HK:2020) stock is a Buy with a HK$109.00 price target. To see the full list of analyst forecasts on ANTA Sports Products stock, see the HK:2020 Stock Forecast page.
More about ANTA Sports Products
ANTA Sports Products Limited is a sportswear company incorporated in the Cayman Islands and listed in Hong Kong, focusing on the design, development and sale of athletic footwear, apparel and accessories. The group targets the mass and performance sports markets in China and overseas, positioning itself as a leading sportswear brand with a multi-brand portfolio and broad retail footprint.
Average Trading Volume: 8,758,663
Technical Sentiment Signal: Hold
Current Market Cap: HK$217.2B
For a thorough assessment of 2020 stock, go to TipRanks’ Stock Analysis page.
