The Toronto Stock Exchange reports that Baylin Technologies Inc.'s 8.5 per cent convertible unsecured debentures (symbol BYL.DB) will be halted at the open and delisted at the close on June 30, 2026. According to the TSX, the debentures will mature on June 30, 2026, and the company will pay $1,042.50 per $1,000 principal amount of debentures, representing $1,000 principal amount and $42.50 for accrued and unpaid interest thereon up to, but excluding, the maturity date.

The TSX reports that the company has elected to satisfy its obligation to repay the principal amount of the debentures by issuing and delivering to holders of debentures that number of freely tradable common shares of the company (symbol BYL), obtained by dividing the principal amount of the debentures by 95 per cent of the current market price of the shares calculated based on the volume-weighted average trading price of the shares on the TSX for the 20 consecutive trading days ending on the fifth trading day preceding the maturity date.

The TSX notes that no fractional shares will be issued on repayment at maturity but in lieu thereof the company shall satisfy fractional interests by a cash payment equal to the fraction of the share multiplied by the current market price. Any accrued and unpaid interest on the debentures up to, but excluding, the maturity date shall be paid in cash. As the debentures are held in the book-entry only system of CDS, holders need not take any action in order to receive their payment.

According to the TSX, holders may convert their debentures at any time prior to the close of business on the last business day immediately preceding the maturity date, at a conversion price of 91.56 cents per share, being a conversion ratio of 1,092.18 shares per $1,000 principal amount of debentures, subject to adjustment. Buyers of debentures who wish to exercise their conversion right should make their purchases sufficiently in advance of the deadline indicated in the relevant CDS bulletin, allowing for adequate time for settlement. Trades on June 29, 2026, will settle on the same day.