BRIEF-Lenovo Announces Exercise Of Put Right For Convertible Preferred Shares Of LETCL

Reuters2021-08-25

Aug 25 (Reuters) - Lenovo Group Ltd :

* EXERCISE OF PUT RIGHT

* CO & LETCL GOT EXERCISE NOTICES FROM CONVERTIBLE PREFERRED SHAREHOLDERS WHO IN AGGREGATE HOLD 1.3 MILLION CONVERTIBLE PREFERRED SHARES OF LETCL

* TOTAL PURCHASE PRICE OF US$208.4 MILLION IN CASH

* REPURCHASE SHARES WILL BE PURCHASED BY CO THROUGH UNIT AT US$208.4 MILLION IN CASH

Source text Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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