TOKYO, May 12 (Pulse News Wire) – Jafco Group CO.,LTD. (8595.T) adjusted the conversion price for its callable convertible bonds due 2028.
The adjustment was approved during the board meeting held, following the decision to distribute a final dividend of ¥66 per share. Under the bond's terms, the conversion price will remain unchanged until May 28, 2028, four months prior to maturity, unless JAFCO’s ordinary shares trade above the adjusted conversion price for a sustained period.
Additionally, the company has the option to redeem all remaining bonds from May 29, 2028, to June 28, 2028. For more detailed information, refer to the press release dated September 12, 2023, titled “Announcement Regarding the Issuance of Callable Convertible Bonds Due 2028.”.
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