The following information serves as a general guide for the Bondholder of Skylink Holdings Limited (“Company”) to convert their bonds into the Company’s shares. Bondholders are advised to refer to their respective convertible bond agreements for full details and terms.
As announced by the Company on 29 January 2026 and in line with the convertible bond agreements, there had been an adjustment to the Conversion Price to S$0.223 per share (as compared to S$0.225 per share). Please refer to the Company’s announcement for more details.
Conversion Procedure
As per the Convertible Bonds Agreement Schedule 3 Clause 6, bondholders may convert all or part of the outstanding Convertible Bonds (subject to a minimum principal amount of S$50,000 and in multiples of S$50,000) into new shares during the period starting six months after the Issue Date up to the close of business on the date falling 15 business days before the Maturity Date.
To exercise the conversion right, bondholders must deliver a written Conversion Notice (as per Schedule 4 of the Convertible Bonds Agreement) together with the Certificate, during normal business hours, to the Registrar’s address. If such delivery is made after 5.00 p.m. on any business day, it will be deemed to have been made on the next following such business day:
Boardroom Corporate & Advisory Services Pte. Ltd.
1 Harbourfront Avenue
Keppel Bay Tower #14-07
Singapore 098632
Telephone: 6536 5355
Email: shareholder.enquiries@boardroomlimited.com
Interest Payment
Interest shall be payable half-yearly in arrears on 31 March and 30 September each year (“Interest Payment Date”) and the Company shall pay interest accrued within 5 business days of each Interest Payment Date.
Conversion Period
A bondholder may exercise the Conversion Right at any time during the period commencing from the date falling six months from the Issue Date (15 September 2025) up to the close of business on the date falling 15 business days before the Maturity Date. This is provided that the Conversion Right during Closed Period is suspended, and the Conversion Period exclude any such Closed Period.
As per Schedule 3 Clause 1 (A), Closed Period means (a) the period of 15 days ending on (and including) the dates for payment of any principal amounts, (b) after a Conversion Notice has been delivered, or (c) during the period from and including the Interest Record Date to and including the Interest Payment Date.
As the Interest Payment Dates are 31 March and 30 September each year, the Interest Record Date is on the 15th day before the due date for interest payments, being 5 business days after the Interest Payment Dates. In the case of the first interest payment, the Interest Record Date is therefore 24 March 2026.
Earliest Conversion Date – March 2026
Upon valid exercise of the Conversion Right, the date of conversion of the Convertible Bonds will be the last trading day of the 3-month periods ending 31 March, 30 June, 30 September, or 31 December.
With the above terms, we wish to inform all bondholders that the Conversion Period will commence on 15 March 2026 (Sunday).
As the Closed Period in respect of the first interest payment will span from 24 March 2026 – 31 March 2026 (during which no conversion is allowed), should you wish to do so, please note that bondholders will have to submit their exercise notice between 15 March 2026 to 23 March 2026 for conversion on 31 March 2026.
FAQs
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How will the interest on the bond be credited to bondholders, 5 business day from 31 March 2026?
- Pursuant to the conditions of the Bonds, payment will be made to the bank account that appears in the Register of Bondholders against your name as Bondholder (which should be the account provided at the time the Convertible Bond Agreement was entered into, unless you subsequently provided a different account to the Registrar).
- Pursuant to the conditions of the Bonds, payment will be made to the bank account that appears in the Register of Bondholders against your name as Bondholder (which should be the account provided at the time the Convertible Bond Agreement was entered into, unless you subsequently provided a different account to the Registrar).
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Is 30 June the earliest date for next bond conversion or the Bondholder can convert anytime between 31 March to 30 June?
- The earliest date on which Bondholder can submit a conversion notice is 15 March 2026, and Bondholder should submit the conversion notice together with the bond certificate between 15 March 2026 and 23 March 2026, in order for conversion on 31 March 2026.
- The earliest date on which Bondholder can submit a conversion notice is 15 March 2026, and Bondholder should submit the conversion notice together with the bond certificate between 15 March 2026 and 23 March 2026, in order for conversion on 31 March 2026.
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How long will the bond conversion to shares take before it can be allocated back to one’s CDP account?
- If Bondholder submit a duly completed and signed conversion notice and bond certificate in time for conversion on 31 March 2026 as described above, the relevant number of shares should be credited into the Bondholder’s CDP account within 15 Trading Days from 31 March 2026 (or longer period subject to applicable law or regulation and the requirements of CDP).
- If Bondholder submit a duly completed and signed conversion notice and bond certificate in time for conversion on 31 March 2026 as described above, the relevant number of shares should be credited into the Bondholder’s CDP account within 15 Trading Days from 31 March 2026 (or longer period subject to applicable law or regulation and the requirements of CDP).
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For bond conversion, do the Bondholder just print out the Schedule 4 in hardcopy, sign and hand deliver or mail to the Registrar’s office as stated above?
- Yes, the hard copy of the duly completed and signed conversion notice in Schedule 4 to the Convertible Bond Agreement, together with the bond certificate, will need to be delivered by hand or by mail to reach the Registrar’s office within the relevant period.