Notice of the Purchase of Convertible Bonds with Stock Acquisition Rights of Ferrotec Holdings Corporation (Securities Code: 6890) by Spica Limited picture_as
Notice of the Purchase of Convertible Bonds with Stock Acquisition Rights of Ferrotec Holdings
Corporation (Securities Code: 6890) by Spica Limited
Ferrotec Holdings Corporation announces that today, we reveived a report and request for announcement regarding Spica Limited's resolution dated June 7, 2023 to purchase the euro-yen denominated convertible bonds with stock acquisition rights due in 2028 from Ferrotec Holdings Corporation. Details are as written in the appendix.
In addition, Ferrotec Holdings Corporation is not involved in any of the transaction described in the appendix including the above purchase (hereinafter "the transaction"), and has no knowledge of the details regarding the transaction. For more information, please contact Daiwa Securities Co., Ltd.
This announcement is made in accordance with Article 30, Paragraph 1, Item 4 of the Order for Enforcement of the Financial Instruments and Exchange Act, based on a request made by Spica Limited (the "buyer") to Ferrotec Holdings Corporation (the "issuing company").
Notice of the Purchase of Convertible Bonds with Stock Acquisition Rights
As announced today by Ferrotec Holdings Corporation (hereinafter "the target company") in the "Notice of the Issuance of Euro-Yen Denominated Convertible Bonds with Stock Acquisition Rights Due in 2028," the target company has resolved to issue the euro-yen denominated convertible bonds with stock acquisition rights due in 2028 (hereinafter as "the CBs") in overseas markets, with its issuance scheduled for June 23, 2023.
Accordingly, on June 7, 2023, Spica Limited resolved to purchase the CBs. The purpose of the transaction is to invest in the credit portion of the CBs or provide investment opportunities to equity or credit investors and is not intended to exercise stock acquisition rights attached to the CBs to acquire common stock of the target company and exercise voting rights on such common stock.
The maximum number of voting rights on the CBs to be purchased by Spica Limited in the transaction is 13.28% of the total voting rights of the target company (percentage of the total number of voting rights of the target company as of March 31, 2023), and may fall under the category of purchase activities as defined in Article 31 of the Order for Enforcement of the Financial Instruments and Exchange Act (hereinafter "the enforcement order"). We hereby notify this matter in accordance with Article 30, Paragraph 1, Item 4 of the enforcement order. However, the details on acquisition and the number of and expenditures for CBs to be acquired have not yet been determined at this time.
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Ferrotec Holdings Corporation published this content on 28 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2023 05:12:07 UTC.
Ferrotec Holdings Corporation is a Japan-based company mainly engaged in the semiconductor equipment related business, the solar cell related business and the electronic devices business. The Company has three business segments. The Semiconductor Equipment Related segment is engaged in the production of metal processing products, quartz products, ceramics products and chemical vapor deposition silicon carbide (CVD-SiC) products for vacuum seal and manufacturing equipment, as well as the processing of silicon wafers and the cleaning of equipment parts. The Solar Cell Related segment is engaged in the production of silicon crystal manufacturing equipment, silicon products for solar cells, and quartz crucibles. The Electronic Device segment is engaged in the production of thermal modules, power semiconductor substrates and magnetic fluids. The Company is also engaged in the production of saw blades, machine tools and surface treatment products.
Notice of the Purchase of Convertible Bonds with Stock Acquisition Rights of Ferrotec Holdings Corporation (Securities Code: 6890) by Spica Limited picture_as
FERROTEC HOLDINGS CORPORATION 
