PARK24 Co., Ltd.
Notice Concerning Adjustment of Conversion Price of 2028 Maturity Euro-Yen Convertible Bond with Acquisition Clause and Stock Acquisition Rights
The conversion price of the 2028 maturity Euro-Yen denominated convertible bond with acquisition clause will be adjusted from 2,471 yen to 2,433.7 yen effective from November 1, 2025.
Key Figures
- Conversion Price (Before Adjustment): 2,471 yen
- Conversion Price (After Adjustment): 2,433.7 yen
- Effective Date: From November 1, 2025
AI要約
Overview of Conversion Price Adjustment
Park24 Co., Ltd. announced that the conversion price of the 2028 maturity Euro-Yen denominated convertible bond with acquisition clause will be adjusted following the year-end dividend resolution at the 41st Annual General Meeting of Shareholders held on January 29, 2026. The conversion price will be reduced from 2,471 yen to 2,433.7 yen, effective from November 1, 2025 or thereafter. This adjustment is in accordance with the conversion price adjustment clause of the bond terms.
Impact on Shareholders and Investors
The reduction in the conversion price may increase the number of shares acquired by convertible bondholders upon conversion. Although this raises concerns about dilution, the adjustment is linked to the dividend resolution, thereby maintaining transparency in the capital policy. Investors should reassess their holdings strategy in light of the change in conversion price.
