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IR News
2010.01.28 Update
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 yen Zero Coupon Convertible Bonds due 2026. |
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| 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 yen 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 27 January 2010.
| | Old Conversion Price: | 2,608.4 yen | | New Conversion Price: | 2,572.3 yen | | Record Date: | 31 October 2009 (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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