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    BYL   CA0728191051

BAYLIN TECHNOLOGIES INC.

(BYL)
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Baylin Technologies : Announces Amendment to its Convertible Debentures

04/08/2021 | 05:06pm EDT

TORONTO, April 8, 2021 /CNW/ - Baylin Technologies Inc. (the "Company") (TSX: BYL) is pleased to announce that the holders of its 6.5% Extendible Convertible Unsecured Debentures (the "Debentures") have approved an amendment (the "Amendment") to the Debentures to reduce, for a period of 30 days, the conversion price of the Debentures from $3.85 to a current market price of the common shares of the Company at the time the Amendment becomes effective.

The Amendment remains subject to approval of the Toronto Stock Exchange ("TSX") and the shareholders of the Company. The Company intends to seek approval of its shareholders at its annual and special meeting of shareholders scheduled for May 11, 2021. Shareholder approval is required under TSX rules because the Amendment could result in (i) the number of common shares issuable on conversion of all the Debentures exceeding 25%, and (ii) the number of common shares issuable on conversion of Debentures to insiders of the Company exceeding 10%, in each case of the number of common shares outstanding. The Amendment will not become effective until TSX and shareholder approvals have been obtained.

About Baylin

Baylin (TSX: BYL) is a leading diversified global wireless technology company. Baylin focuses on research, design, development, manufacturing and sales of passive and active radio frequency products, terrestrial microwave products, and services. Baylin aspires to exceed its customers' needs and anticipate the direction of the market. For further information, please visit www.baylintech.com.

SOURCE Baylin Technologies Inc.

© Canada Newswire, source Canada Newswire English

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Financials
Sales 2021 130 M 104 M 104 M
Net income 2021 - - -
Net Debt 2021 37,0 M 29,6 M 29,6 M
P/E ratio 2021 -4,83x
Yield 2021 -
Capitalization 59,4 M 47,5 M 47,5 M
EV / Sales 2021 0,74x
EV / Sales 2022 0,61x
Nbr of Employees 1 020
Free-Float 55,4%
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Consensus
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 1,57 CAD
Last Close Price 1,16 CAD
Spread / Highest target 50,9%
Spread / Average Target 35,1%
Spread / Lowest Target 3,45%
EPS Revisions
Managers and Directors
NameTitle
Randy L. Dewey President, Chief Executive Officer & Director
Michael A. Wolfe Chief Financial Officer
Jeffrey C. Royer Chairman
Donald E. Simmonds Independent Director
Harold Morton Wolkin Vice Chairman
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