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) |
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