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Relo Group adjusts conversion price for bonds due 2021
Chicago, May 14 – Relo Group, Inc. gave notice that it adjusted the conversion price of its euro-yen denominated convertible bonds with subscription rights to shares due 2021, according to a company news release.
Effective April 1, the conversion price was adjusted to 3.315.9 yen from 3,310.3 yen.
The adjustment is in accordance with the approval of the board of directors meeting held May 14.
Relo Group is a Tokyo-based provider of outsourcing services for corporate fringe benefits.
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