Cathay Pacific Adjusts Warrant and Bond Prices

Cathay Pacific Airways (HK:0293) has released an update.

Cathay Pacific Airways Limited has announced adjustments to the Warrant Exercise Price and the Conversion Price of their Convertible Bonds following the declaration of the 2024 First Interim Dividend. The Warrant Exercise Price will decrease from HK$4.43 to HK$4.32 per share, and the Conversion Price will drop from HK$8.12 to HK$7.92 per share, effective from September 7, 2024. These changes will lead to an increase in the maximum number of shares issued upon exercise of the warrants and conversion of the bonds, for which applications will be made to the Hong Kong Stock Exchange.

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