TOKYO, Jun 26 (Pulse News Wire) – Ferrotec Corporation (6890.T) adjusted the conversion price for its 2028 maturity Euro-yen convertible bonds with attached warrant rights. Prior to adjustment, the conversion price was ¥3,592.
Following the adjustment, the new conversion price is ¥3,550. The changes took effect on April 1, 2026, and stem from the approval of a final dividend of ¥74 per ordinary share at the shareholders' meeting held.
As of now, none of the bonds remain outstanding due to their conversion or repayment through warrant exercise. However, bondholders who exercised warrants during the period from April 1, 2026, to June 17, 2026 inclusive, are entitled to additional shares or other rights necessary to reflect the retroactive adjustments based on the terms outlined in Article 5.2.4 of the bond prospectus.
This adjustment ensures that bondholders are appropriately compensated according to the stipulated conditions within the bond documentation.
🟢 Confidence: High AI-translated content.