IR News
Adjustment of the Conversion Price of the 15,000,000,000 yen Zero Coupon Convertible Bonds due 2026
PARK24 announces the adjustment of the conversion price of the outstanding \15,000,000,000 Zero Coupon Convertible Bonds due 2026.
| Reason for the adjustment | Adjustment of Conversion Price pursuant to Condition 5.2.4 of the terms and conditions of the Bonds and Clause 7.8.4 of the Trust Deed, due to a dividend of ¥30 per Share, which amounts to an Extraordinary Dividend (as defined in the Trust Deed). The payment of such dividend was approved at a general meeting of shareholders on 26 January 2012. |
|---|---|
| Old Conversion Price | ¥2,541.7 |
| New Conversion Price | ¥2,522.2 |
| Record Date | 31 October 2011 (Japan time) |
| Effective Date for the new Conversion Price | Retroactively from the day after the Record Date set out above (Japan time) |