Ferrotec Corporation
Notice of Additional Shares Granted in Connection with Adjustment of Conversion Price for 2028 Maturity Euro-Yen Convertible Bonds (Disposition of Treasury Stock)
Due to adjustment of the conversion price for the convertible bonds, an additional 83,030 shares are granted to the bondholders who requested conversion within the period. The disposition price is 3,550.5 yen per share, totaling approximately 294,798 thousand yen. The effective date is 2026-07-02. The difference is additionally granted to already issued shares.
Key Figures
- Number of additional shares granted: 83,030 shares
- Disposition value of additional shares: 294,798 thousand yen
- Post-adjustment conversion price: 3,550.5 yen
AI要約
Overview of conversion price adjustment and grant of additional shares
The conversion price of the bonds was adjusted to reflect the year-end dividend of 74 yen approved at the Ordinary General Meeting held on June 26, 2026, resulting in a post-adjustment conversion price of 3,550.5 yen. Because of retroactive application, holders who requested conversion within the period will receive the difference in the form of additional shares for the shares already issued. The basis for calculating the additional shares is the total amount of conversion requests divided by the post-adjusted conversion price, less the already issued shares.
Overview and schedule of treasury stock disposition
The disposition consists of 83,030 ordinary shares, with a disposition price of 3,550.5 yen per share, totaling 294,798 thousand yen. The disposition date is July 2, 2026, and no new cash payments will be made by bondholders. Additional shares arising from the difference will be issued to bondholders who made conversion requests within the period.
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