TORIDOLL Holdings Corporation [3397.T]
TOKYO, May 15 (Pulse News Wire) – TORIDOLL Holdings Corporation (3397.T) announced adjustments to the conversion price of its Euro-yen convertible bonds due in 2031. The conversion price adjustment applies to the 2031 maturity Euro-yen convertible bonds with warrant attached.
Prior to the adjustment, the conversion price was set at ¥1,489 per share; post-adjustment, it stands at ¥1,483 per share. The changes take effect from April 01, 2026, following the resolution of the board meeting held today, which approved a dividend payout of ¥10 per share for the fiscal year ending March 2026. In accordance with the bond's conversion price adjustment clause, the revised conversion price reflects the approved dividend distribution.
The decision ensures alignment with the terms outlined in the bond issuance agreement, maintaining investor expectations and regulatory compliance. This adjustment affects the financial instruments linked to TORIDOLL Holdings' equity, impacting potential future conversions and warrant exercises by bondholders. Investors should review the updated terms to understand their implications fully.
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