Flexium to cut conversion prices on euro convertibles due 2015, 2016

By Marisa Wong

Madison, Wis., July 26 - Flexium Interconnect, Inc. said it will adjust the conversion prices for two series of its zero-coupon euro convertible bonds.

The conversion price of Flexium's first issue 2012 convertibles will be lowered to NT$112.4 per share from NT$120.3 per share.

The conversion price of the company's first issue 2013 convertibles will be lowered to NT$102.8 per share from NT$110.0 per share.

The price adjustments become effective Aug. 20.

The changes are due to a dividend distribution scheduled for Aug. 20.

Flexium priced $50 million of the 2012 euro convertibles due 2015 on June 29, 2012 and priced $100 million of the 2013 euro convertibles due 2016 on July 18.

The Kaohsiung, Taiwan-based company manufactures flexible printed circuit boards.

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