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Fubon Financial (FBND)


Friday 23 August, 2013

Fubon Financial

To inject USD 300 million to Taipei Fubon Bank

RNS Number : 3977M
Fubon Financial Holdings Co Limited
23 August 2013

Fubon Financial Holdings

Subject: The board of Fubon Financial approved to inject USD 300 million to Taipei Fubon Bank through private placement.

Date of events:2013/08/23


1.Name and nature of the subject matter (if preferred shares,the terms and conditions of issuance shall also be indicated,e.g.dividend yield):

Taipei Fubon Bank's capital increase for cash by way of private

placement of common shares.

2.Date of occurrence of the event:2013/08/23

3.Volume, unit price, and total monetary amount of the transaction:

Number of shares issued:About 573 million shares (the actual amountof shares will be calculated based on the currency rate on the record date of Taipei Fubon Bank's capital raising)Par value per share:NT$10.Total monetary amount of the transaction:US$300,000,000.Issue price:NT$15.7

4.Counterpart to the trade and its relationship to the Company(if the trading counterpart is a natural person and furthermore is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed):Fubon Financial Holding Co., Ltd, which owns 100% of Taipei Fubon Bank

5.Where the counterpart to the trade is an actual related party,a public announcement shall also be made of the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading ounterpart), price of transfer, and date of acquisition:N/A

6.Where a person who owned the property within the past five years has been an actual related person of the company, a public announcement shall also include the dates and prices of acquisition and disposal by the related person and the person's relationship to the company at those times:N/A

7.Matters related to the creditor's rights currently being disposed of (including types of collateral of the disposed creditor's rights;if the creditor's rights are creditor's rights toward a related  person, the name of the related person and the book amount of the creditor's rights toward such related person currently being disposed of must also be announced):N/A

8.Anticipated profit or loss from the disposal (not applicable in cases of acquisition of securities) (where originally deferred, the status or recognition shall be stated and explained):N/A

9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:monetary amount:US$300,000,000

10.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department:

Board resolution;based on Taipei Fubon Bank's net worth of $15.7 per share as of July 31, 2013 and CPA opinions.

11.Current cumulative volume, amount, and shareholding percentage of holdings of the security being traded (including the current trade) and status of any restriction of rights (e.g.pledges):

Share of Holdingabout 8.2 billion shares;

AmountNT$1,31.1 billion

Share %100%

Status of any restriction of rightsN/A

12.Current ratio of private placement of securities (including the current trade) to the total assets and shareholder's equity as shown in the most recent financial statement and the operating capital as shown in the most recent financial statement:@100.5%;119.7%;N/A

13.Concrete purpose or use of the acquisition or disposition:

To improve Taipei Fubon Bank's capitalization and facilitate business development.

14.The discrepancy between the reference price of private placement and the transaction amount per share is 20 percent or more of the transaction  amount:No

15.Net worth per share of company underlying securities acquired or disposed of:$15.7

16.Do the directors have any objection to the present transaction?:No

This information is provided by RNS
The company news service from the London Stock Exchange

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