YY Inc. Announces Completion of the Repurchase Right Offer for 2.25% Convertible Senior Notes due 2019
April 03 2017 - 6:00AM
YY Inc. (NASDAQ:YY) (“
YY” or the
“
Company”), a live streaming platform, today
announced that it has completed its previously announced repurchase
right offer relating to its 2.25% Convertible Senior Notes due 2019
(the “
Notes”). The repurchase right offer expired
at 5:00 p.m., New York City time, on March 30, 2017. Based on
information from Deutsche Bank Trust Company Americas as the paying
agent for the Notes, US$399,000,000 aggregate principal amount of
the Notes were validly surrendered and not withdrawn prior to the
expiration of the repurchase right offer. The aggregate purchase
price of such Notes was US$399,000,000. The Company has accepted
all of the surrendered Notes for repurchase and has forwarded cash
in payment of the same to the paying agent for distribution to the
applicable holders.
Materials filed with the SEC will be available
electronically without charge at the SEC's website, www.sec.gov.
Documents filed with the SEC may also be obtained without charge at
the Company's website, http://investors.yy.com.
About YY Inc.
YY Inc. (“YY” or the “Company”) is a live streaming platform
that enables users to interact in live online group activities
through voice, text and video. Launched in July 2008, YY Client,
the Company’s core product, empowers users to create and organize
groups of varying sizes to discover and participate in a wide range
of activities, including online music and entertainment, online
games, online dating, live game broadcasting and education. YY Inc.
was listed on NASDAQ in November 2012 and generated revenues of
US$910 million in the fiscal year 2015.
CONTACT: For further information, please contact:
YY Inc.
Yuffie Fu
Tel: +86 (20) 8212-0000
Email: IR@YY.com
ICR, Inc.
Jessie Fan
Tel: +1 (646) 915-1611
Email: IR@YY.com
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