INFRONEER Holdings Inc. [5076.T]
TOKYO, May 08 (Pulse News Wire) – Infroneer Holdings Inc. (5076.T) adjusted the conversion price for its 2029 maturity Euro-yen convertible bond with warrant (Green CB).
The adjustment was made effective from April 01, 2026, following approval of a final dividend payment of ¥90 per share at the board meeting held on May 08, 2026. Prior to the adjustment, the conversion price was set at ¥1,722. Post-adjustment, the conversion price stands at ¥1,660.
According to the bond terms, holders can exercise their warrants if the closing price of Infroneer's ordinary shares exceeds the applicable conversion price by 150% during the 20 consecutive trading days ending on the last trading day of each quarter until March 31, 2028. From April 01, 2028, through December 31, 2028, the threshold increases to 130%. The adjusted conversion prices correspond to ¥2,490 and ¥2,158 for thresholds of 150% and 130%, respectively.
For more detailed information on the Green CB bonds, refer to the issuance notice dated March 21, 2024.
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