Eve Energy adjusts bond price, offers put option after dividend

Eve Energy will adjust the conversion price of its convertible bonds from 50.89 yuan per share to 50.65 yuan per share, effective September 17, 2025. This adjustment follows the company's decision to distribute a cash dividend of 2.45 yuan per 10 shares (pre-tax) for the first half of 2025, based on 2,038,849,131 shares.

In a related development, the company will offer a put option for its convertible bonds from September 10 to September 16, 2025, at a price of 100.09 yuan per bond (including interest and tax). This option stems from a change in the use of proceeds from a previously approved fundraising project. Bondholders can choose to redeem their bonds or continue holding them.

This marks the second change to the convertible bond's conversion price this year. The initial adjustment occurred on May 12, 2025, when the price was changed from 51.39 yuan to 50.89 yuan per share, also due to a cash dividend distribution.