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News Release

Determination of the terms of Zero Coupon Convertible Bonds due 2025

PARK24 Co., Ltd. (the “Company”) hereby notifies the determination of the terms of the Zero Coupon Convertible Bonds due 2025 (bonds with stock acquisition rights, tenkanshasaigata shinkabu yoyakuken-tsuki shasai, hereinafter referred to as the “Bonds”), pursuant to a resolution of a meeting of the Board of Directors held on October 11, 2018.

 


Matters relating to the Stock Acquisition Rights  
(1) The amount to be paid upon exercise of the Stock Acquisition Rights

Equal to the principal amount of the Bonds



(2) Conversion Price   
                                       ¥3,847
   
(Reference)  
Share Price, etc. on Pricing Date (October 11, 2018)  
(i) Share Price (Closing Price) on the Tokyo Stock Exchange                                        ¥3,420
(ii) Premium   
 
[{(Conversion Price)/(Share Price (Closing Price))-1}×100]                                          12.49%

 

 

ENDS

 

 

Note: This announcement is intended as general information regarding the issuance of convertible bonds by PARK24 Co., Ltd.. This announcement does not constitute an offer of, or the solicitation of an offer to buy or subscribe for the Bonds or the Shares in any jurisdiction in which such offer or solicitation is unlawful. In particular, the Bonds and the Shares issuable upon exercise of, or upon acquisition by the Company of, the Stock Acquisition Rights (together, the "Securities") have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and, subject to certain exceptions, may not be offered or sold within the United States. The Securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

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