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This announcement is not an offer to buy, a solicitation of an offer to buy or a solicitation of an offer to sell securities and neither this announcement nor anything hereof constitutes the basis of a contract or of any commitment whatsoever. This announcement does not constitute, and may not be used in connection with, any form of offer or solicitation in any location where such offers or solicitations are not permitted by law.
BRIGHT SCHOLAR EDUCATION HOLDINGS LIMITED
(Incorporated in Cayman Islands with limited liability)
US $ 300,000,000 7.45% SENIOR TICKETS DURING 2022 (THE “TICKETS”)
(STOCK CODE: 5615)
PARTIAL REDEMPTION OF SECURITIES
Reference is made to the announcement of Bright Scholar Education Holdings Limited (the “Society“) dated July 31, 2019 regarding the notice of listing of the Company’s Bonds on the Hong Kong Stock Exchange (the”Announcement“).
As of January 7, 2022, the Company redeemed the Notes for an aggregate principal amount of US $ 30,000,000 (the “Redeemed tickets“), representing 10.0% of the initial capital of the Notes.
The redeemed Notes have been canceled in accordance with the terms of the Notes and the Note Indenture. As of the date of this announcement, the outstanding principal amount of the Notes is US $ 270,000,000, which represents 90.0% of the original principal amount of the Notes.
The Company will monitor market conditions and its financial structure and may redeem its Notes from time to time.
In accordance with Rule 37.48 (a) of the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange Limited, the Company will make a new announcement for each subsequent 5% interval of the initial aggregate principal amount of the Securities which have been redeemed or canceled. in accordance with the terms and conditions of the Notes.
The Company may or may not purchase other Notes in the future. Noteholders and potential investors should note that any purchase of Notes from time to time by the Company will be at the sole and absolute discretion of the Board of Directors of the Company. There can be no assurance as to the timing, amount or price of any ticket purchase or whether the Company will make any other purchases. Holders of Notes and potential investors should therefore exercise caution when trading in Notes.
By order of the Council
|Bright Scholar Education Holdings|
Foshan, China, January 7, 2022
As of the date of this announcement, the Board of Directors of the Company is composed of Ms. YANG Huiyan, Mr. HE Junli, Ms. ZHOU Shuting, Mr. SCHLOSS Peter Andrew, Mr. ZHAO Jun and Mr. PACKARD Ronald J.