ARDEPRO Co., Ltd. ( " the Company") announced that the Company has executed the partial early redemption (100 million yen) of No. 3 zero coupon convertible bonds ( " the CB") issued on December 29 , 2014.
Bonds for Early Redemption
ARDEPRO Co., Ltd. No. 3 zero coupon convertible bonds ( " the CB")
. Early Redemption Date September 1, 2017
Principal Amount
100 million yen
Price of Early Redemption
100 yen per 100 ye n face value
. Reason for Early Redemption
The CB has fallen under the provision of early redemption pursuant to the option of the bondholder stated in the issue requirement of the CB ( 15 . Condition and term of redemption of bonds ( 4 ) ① ):
15. Condition and term of redemption of bonds (4 ) ①
The bondholder may request the Company to redeem all or part of the bonds held by the bondholder at a price of 100 yen per 100 yen face value by making a request not less than 20 business days and not more than 30 business days in advance of any day set as the redemption date after December 30 , 2016 . If the closing price of ordinary transactions of the Company' s common stock on the Tokyo Stock Exchange falls below the conversion price on any tr ading day after November 15 , 2016.
Conversion Price
174. 1 yen
Effect on the Company's Business
There i s no impact on the Company's business results.
. Funds for Redemption
The CB wi l l be redeemed using the Company' s own capital.
Due to the early redemption of 100 million yen of the CB, 574, 382 dilutive securities (0 .21% of 277, 657 , 459 standard shares outstanding) have expired.
(Reference) Outline of the CB
) Issue date: December 29 , 2014
) Issue amount: 4 billion yen
) Unredeemed amount as of August 2 , 2017 : 1 . 5 billion yen
) Interest rate: 0 coupon
) Original redemption date: December 29 , 2017
ARDEPRO Co. Ltd. published this content on 01 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 September 2017 08:22:07 UTC.
Original documenthttp://www.ardepro.co.jp/files/en/news/2017/0901.pdf
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