Hokkaido Electric Power Company, Incorporated
Notice of Adjustment to Conversion Price of Euro-Yen Convertible Bonds with Stock Acquisition Rights Maturing 2031
Based on a board resolution held on 2026/10/30, the conversion price for the Euro-yen convertible bonds with stock acquisition rights maturing in 2031 was adjusted. Before adjustment: 1,332.4 yen → After adjustment: 1,311.6 yen, effective on or after 2026/10/01. The decision of an interim dividend of 16.5 yen was the reason for applying the conversion price adjustment provision.
Key Figures
- Conversion price (before adjustment): 1,332.4 yen
- Conversion price (after adjustment): 1,311.6 yen
- Effective date: On or after 2026-10-01
AI要約
Adjustment to conversion price of convertible bonds with stock acquisition rights
Hokkaido Electric Power Company, Incorporated adjusted the conversion price of the Euro-yen convertible bonds with stock acquisition rights maturing in 2031 following the board's decision to approve an interim dividend of 16.5 yen for the fiscal year ending March 2027. The conversion price was 1,332.4 yen before adjustment and 1,311.6 yen after adjustment, with the effective date on or after October 1, 2026. This is a routine monetary adjustment under the conversion provisions, and consideration has been given to dilution effects for outstanding convertible bonds.
Background, effective date and future impact
The conversion price adjustment resulting from the interim dividend decision will affect holders of the convertible bonds. Since the exercise price for conversions after the effective date will be the new conversion price, this may influence market considerations regarding exercise of conversion rights. The press release does not specify detailed capital policy objectives or use of funds; additional disclosures may follow.
Hokkaido Electric Power Company, Incorporated
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