March 30, 2023
For Immediate Release
Company name: Sumitomo Forestry Co., Ltd.
(Stock code: 1911 Prime Market, Tokyo Stock Exchange)
Representative: Toshiro Mitsuyoshi, President & CEO
Inquiries: Toshihiro Horii, General Manager of Corporate Communications Dept.
(Tel: +81-3-3214-2270)
Notice Regarding Adjustment of Conversion Price for
Zero Coupon Convertible Bonds due 2023
Sumitomo Forestry Co., Ltd. (the "Company") hereby announces the adjustment of the conversion price for its Zero Coupon Convertible Bonds due 2023 (the "Bonds").
1. Adjustment of conversion price
Name of issue | Conversion price before the adjustment | Conversion price after the adjustment |
Zero Coupon Convertible Bonds due 2023 | 2,134.7 yen | 2,074.8 yen |
2. Effective date
Sunday, January 1, 2023
3. Reason for the adjustment
At the 83rd (fiscal year ended December 31, 2022) general meeting of shareholders of the Company on March 30, 2023, a proposed appropriation of surplus for issuing a year-end dividend of 65 yen per share was approved, bringing the annual dividend for the year ended December 31, 2022 to 125 yen per share when combined with the interim dividend of 60 yen. Therefore, the Company has made an adjustment of the conversion price of the Bonds in accordance with the provisions regarding the adjustment of the conversion price contained in the terms and conditions of the Bonds.
End
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Sumitomo Forestry Co. Ltd. published this content on 30 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2023 08:10:04 UTC.