Zijin Mining adjusts convertible bond price after dividend payout

Zijin Mining Group Co. announced an adjustment to the conversion price of its $2bn 1.0 per cent guaranteed convertible bonds due 2029. This change follows the company's approved profit distribution plan for the first half of 2025, which includes a cash dividend of RMB2.2 per 10 shares (tax included).

The conversion price will be adjusted from HK$19.38 per H Share to HK$19.17 per H Share, effective from September 13, 2025. This adjustment is in accordance with the terms and conditions of the bonds, which stipulate changes if the guarantor makes capital distributions.

Assuming full conversion at the adjusted price, the number of H Shares convertible and issuable under the bonds will increase from approximately 805,995,872 H Shares to approximately 814,825,247 H Shares. This represents approximately 13.61% of existing issued H Shares and 3.07% of total issued shares as of the announcement date.