Amer Group purchase of its own bonds

Amer Group today purchased USD 2.06 million of the convertible subordinated bonds issued in 1993, representing 92,634 Amer Group A shares. The current amount of the loan outstanding is USD 73.75 million. In total, Amer has now repurchased USD 35.1 million convertible subordinated bonds, representing 1,578,371 Amer Group A shares.

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