Screen Holdings lowers conversion price for 0% bonds due 2025

By Mary-Katherine Stinson

Lexington, Ky., Oct. 31 – Screen Holdings Co., Ltd. announced it adjusted the conversion price of its zero-coupon convertible bonds due 2025 retroactively from Oct. 1, according to an announcement.

The conversion price of the 2025 bonds was lowered to ¥5,961.3 from ¥5,968.2 due to the extraordinary dividend, resulting from a dividend payment of ¥167 per share as approved at the board of directors meeting on Oct. 31.

The company noted in the release that the dividend amount reflects the actual amount with respect to the shares before the company’s stock split, which was effective on Oct. 1 and split the stock in the ratio of one share into two shares.

Screen is a Kyoto, Japan-based semiconductor and electronics company.

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