AgriS approves early buyback of SBTH2327001 bonds worth VND 200 billion

The Board of Directors of AgriS approved the plan to buy back the SBTH2327001 bonds ahead of maturity, with an issuance value of VND 200 billion. AgriS, formerly Thành Thành Công - Biên Hòa (ticker SBT, HoSE) announced that the Board approved the plan to buy back all 2,000 SBTH2327001 bonds (SBT12301) with a par value of VND 100 million per bond, corresponding to a total issuance value of VND 200 billion. The buyback date is 26 June 2026; the repurchase price will be determined as the sum of the par value of the bonds under the call option plus accrued interest not yet paid, any late payment interest (if any), penalties (if any), and other costs (if any) incurred up to but excluding the issue date on which the buyback is executed according to the call option notification. The funding source for the buyback will come from operating cash flows and other legitimate sources. The SBTH2327001 bonds were issued by AgriS on 26 June 2023, with a four-year tenor and planned maturity on 26 June 2027. In a separate development, AgriS received a letter from UBCKNN regarding documentation for equity issuance to pay dividends. Previously, the 2024-2025 annual general meeting approved issuing shares to pay dividends for 2024–2025 at a rate of 6% (shareholders owning 100 common shares would receive 6 new shares); the projected number of shares to be issued is over 51.3 million. The issuance funds come from undistributed after-tax profits based on AgriS’s audited interim financial statements for the 2024-2025 period, with issuance expected before June 2026. April 7, 2026 is the record date for AgriS shareholders to exercise purchase rights for the convertible bond offering by exercising rights for existing shareholders. Accordingly, the bonds offered to the public are to SBT ordinary shareholders at a ratio of 855,113/10,000 (each ordinary share held entitles one purchase right; a shareholder with 85.5113 rights would be eligible to purchase one bond; the rights are transferable once). The offered bonds are convertible into ordinary shares, with no collateral, no warrants, par value VND 100,000 per bond; two-year maturity; fixed coupon rate of 9.5% per year. The subscription period to apply and pay for the bonds runs from 13 April 2026 to 5 May 2026. The convertible bond issue to the public was approved at the AGM for the 2024-2025 period held in early December 2025. The purpose of the issue is debt restructuring; specifically to repay borrowings with credit institutions, AgriS Gia Lai. Shares issued upon conversion will be ordinary shares, freely transferable. The conversion price is calculated at 75% of the 20-day weighted average closing price of SBT shares before the date of the Board’s approval for conversion in each tranche.