JX Advanced Metals Corporation [5016.T]
TOKYO, May 19 (Pulse News Wire) – JX Advanced Metals Corporation (5016.T) announced the issuance conditions for its euro-yen convertible bonds due 2029 and 2031. The board approved the issuance on May 11, 2026.
Key details include: For the 2029 bond issue, the conversion price is set at ¥4,860. Exercise of the warrant rights will begin on June 3, May 19, 2026, with the final exercise window closing on May 21, 2029. The total amount of the 2029 bond issue is ¥125.0 billion. For the 2031 bond issue, the conversion price is set at ¥4,860.
Warrant rights exercise starts on June 3, May 11, 2026, with the last day for exercising being May 20, 2031. The total amount of the 2031 bond issue is ¥125.0 billion. Proceeds from the bond issues, approximately ¥277.5 billion, will primarily fund a share buyback program through July 2026. Any remaining funds will be allocated towards expanding manufacturing facilities for semiconductor sputtering targets and increasing production capacity for crystalline materials until March 2028.
This issuance does not constitute an offer to sell securities within the United States or any other jurisdiction without appropriate registration or exemption.
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