Translation of the Japanese press release
JAFCO Group Co., Ltd. (Ticker: 8595) | Contact: Investor Relations |
1-23-1 Toranomon, Minato-ku, | Tel: +81-50-3734-2025 |
Tokyo 105-6324 Japan | ir@jafco.co.jp |
https://www.jafco.co.jp/english/ | |
May 10, 2024 |
Announcement Regarding Adjustment of Conversion Price of
Zero Coupon Convertible Bonds Due 2028
JAFCO Group Co., Ltd. (the "Company") hereby announces the adjustment of the conversion price for the Zero Coupon Convertible Bonds due 2028 issued by the Company.
1. | Adjustment of conversion price | |||
Name | Conversion price | Conversion price | ||
prior to the adjustment | after the adjustment | |||
Zero Coupon Convertible Bonds | ¥2,132 | ¥2,047.8 | ||
due 2028 | ||||
2. | Effective date | |||
As of April 1, 2024 (Japan time) |
3. Reason for the adjustment
Following the approval of the proposal for a year-end dividend of ¥69 per common share at the Board of Directors meeting held on May 10, 2024, the conversion price is being adjusted pursuant to the conversion price adjustment clauses in the terms and conditions of the Zero Coupon Convertible Bonds due 2028.
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JAFCO Co. Ltd. published this content on 10 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2024 06:26:06 UTC.