Taiwan’s MPI convertible bondholders may exercise put option Aug. 15

By William Gullotti

Buffalo, N.Y., May 11 – MPI Corp.’s convertible bondholders will be able to exercise their put option on Aug. 15, according to a notice on Wednesday.

Bondholders will have the right to redeem the bonds at par between July 6 to Aug. 15. The deadline for redemptions at the stock transfer agent is three days earlier on Aug. 12.

Aug. 15 is slated as the ex-date with payment scheduled for Aug. 19.

The company said it will mail out a put option exercise booklet to bondholders 40 days prior to the ex-date.

Hua Nan Securities is the transfer agent.

MPI is a semiconductor wafer-level probing technology and LED testing equipment vendor. The company is based in Zhubei, Taiwan.

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