Ferrotec Corporation
(Correction of Disclosure) Notice Regarding the Occurrence and Exercise of the Right of Early Redemption under the 130% Call Option Clause of the Euro Yen Convertible Bond Due 2028
The right of early redemption based on the 130% call option clause for the Euro Yen Convertible Bond due 2028 arose on March 24, 2026. Early redemption execution is scheduled for June 22, 2026, and notification is planned for April 23.
Key Figures
- Early Redemption Right Occurrence Date: 2026年3月24日
- Scheduled Early Redemption Execution Date: 2026年6月22日
- Scheduled Notification Date: 2026年4月23日
AI要約
Correction Details on the Occurrence and Exercise Policy of the Early Redemption Right
For the Euro Yen Convertible Bond with warrants due 2028 issued by the Company, the stock price condition under the 130% call option clause was satisfied on March 24, 2026, resulting in the occurrence of the early redemption right on the same date. The previously disclosed scheduled date for exercise of early redemption was incorrect; this correction revises the early redemption execution date to June 22, 2026, and the notification date to April 23, 2026. There is a possibility that exercise of the right may be postponed should unforeseen events such as sudden market changes occur.
Impact on Investors and Future Actions
Upon exercise of the early redemption right, the remaining convertible bonds are expected to be redeemed at 100% of the face value. Investors are advised to await the official notification following the notification date. Since the exercise of the right may be cancelled depending on market conditions, it is important to continue monitoring the Company's disclosures.
