TOKYO, Jul 06 (Pulse News Wire) – Ferrotec Corporation (6890.T) announced additional share issuance related to the adjustment of conversion prices for its Euro-yen convertible bonds due in 2028. The adjustment was triggered by the approval of a ¥74 per share final dividend at the regular shareholders' meeting held on June 26, 2026.
As a result, the post-adjustment conversion price became applicable retroactively from April 1, 2026. The company distributed additional shares to bondholders who converted their bonds during the period from April 1, 2026, to June 17, 2026. Prior to the adjustment, the conversion price was ¥3,592; it was revised to ¥3,550.
The additional shares were allocated based on the difference between the adjusted and pre-adjustment conversion prices. In total, Ferrotec issued 83,030 ordinary shares at a price of ¥3,550 per share, amounting to ¥294.8 million in total value. The distribution took place on July 2, 2026, without requiring further monetary contributions from bondholders.
The calculation of additional shares was derived by dividing the face value of bonds converted during the designated period by the adjusted conversion price (¥3,550) and subtracting the number of shares previously issued based on the pre-adjustment conversion price (¥3,593).
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