Resonac Holdings Corporation [4004.T]
TOKYO, Jul 06 (Pulse News Wire) – Resonac Holdings Corporation (4004.T) announced plans to adjust the conversion price of its Euro-yen convertible bonds with attached warrant shares due in 2028, contingent upon approval by the board of directors for the partial spin-off of Clasus Chemical Co., Ltd. The adjustment will follow the bond issuance terms and will be advised by independent financial advisor Conv-Ex Advisors Limited.
Under the bond issuance terms, the adjusted conversion price (NCP) will be calculated based on the formula: \[ NCP = OCP \times \frac{SP_{\text{Resonac}}}{SP_{\text{Resonac}} + SP_{\text{Clasus}}} \] Where: - \( NCP \) is the adjusted conversion price, - \( OCP \) is the original conversion price, - \( SP_{\text{Resonac}} \) is the simple average of daily weighted average prices of Resonac's ordinary shares during the evaluation period, - \( SP_{\text{Clasus}} \) is the simple average of daily weighted average prices of Clasus Chemical's ordinary shares during the same period. The evaluation period consists of five consecutive trading days on the Tokyo Stock Exchange starting from September 29, 2026, through October 5, 2026.
The adjustment will take effect retrospectively from October 1, 2026.
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