Amer Group purchase of its own bonds

Amer Group today purchased USD 5.5 million of the convertible subordinated bonds issued in 1993, representing 247,323 Amer Group A shares. The current amount of the loan outstanding is USD 73.75 million.

Acccording to the terms of the bonds, all bonds now purchased by Amer may not be reissued or resold. According to the Companies Act, these bonds may not be converted into shares.