Mercuries Life Insurance : announces the record date and related matters for capital increase - marketscreener.com

Provided by: Mercuries Life Insurance Co., Ltd.

SEQ_NO

Date of announcement

2022/02/08

Time of announcement

15:22:16

Subject

Mercuries Life announces the record date and
related matters for capital increase

Date of events

2022/02/08

To which item it meets

paragraph 11

Statement

1.Date of the board of directors resolution or
decision by the Company:2022/02/08
2.Number of shares issued:430,000,000 shares
3.Par Value per share:NT$10
4.Total monetary value of the issuance:
It will be announced after the issue price is confirmed.
5.Issue price:
It will be announced after the issue price is confirmed.
6.Number of shares subscribed for by employees:
10% of the newly issued common shares, translating to 43,000,000 shares
in total
7.Ratio of shares subscribed for by existing shareholders:
80% of the newly issued common shares, translating to 344,000,000 shares,
will be reserved for existing shareholders with the respective ratio
as stated on shareholders’ roster on the record date of the subscription.
Every thousand shares can subscribe for 128.86303258 shares.
8.Method for public sale and no.of shares:
10% of the newly issued common shares, translating to 43,000,000 shares
in total
9.Handling method for fractional shares and shares unsubscripted for by the
deadline:
The existing shareholders may combine fractional share into one share
within 5 days from the book closure date. The Chairman with the
authorization from the Board will allocate uncombined shares, fractional
shares, or unsubscreibed shares by existing shareholders and employees to
specific person at the issue price.
10.Rights and obligations of these newly issued shares:
Rights and obligations of the newly issued shares are equal to existing
shares.
11.Utilization of the funds from the current capital increase:
To support business growth, enhance capital structure, and increase
capital adequacy ratio.
12.Record date of cash capital increase and share subscription:2022/03/01
13.Last date before book closure:2022/02/24
14.Book closure starting date:2022/02/25
15.Book closure ending date:2022/03/01
16.Payment period:
(1)2022/03/07-2022/03/11 will be the payment period for existing
shareholders and employees.
(2)2022/03/14-2022/03/18 will be the payment period for specific persons.
17.Date of the agreement with the banks to collect and deposit the proceeds:
It will be announce once the contract has been signed.
18.Name of the institution designated to collect the proceeds:
It will be announce once the contract has been signed.
19.Name of the bank designated to deposit the proceeds:
It will be announce once the contract has been signed.
20.Any other matters that need to be specified:
The capital increase plan has been approved by the Financial Supervisory
Commission order No.1100379307 on January 18, 2022. The Chairman is
authorized to adjust the number of issue price, project items, progress of
fund utilization, forcasted benefits and other related matters based on
market conditions due to competent authority or inevitable circumstances.

Disclaimer

Mercuries Life Insurance Co. Ltd. published this content on 08 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 February 2022 07:31:06 UTC.

All news about MERCURIES LIFE INSURANCE CO., LTD.

Sales 2020

170 B
6 102 M
6 102 M

Net income 2020

1 445 M
51,8 M
51,8 M

Net cash 2020

81 439 M
2 922 M
2 922 M

P/E ratio 2020
14,2x

Yield 2020
–

Capitalization

25 040 M
898 M
898 M

EV / Sales 2019
-0,10x