DMG Mori lowers conversion price for 0% convertible bonds due 2024

By Mary-Katherine Stinson

Lexington, Ky., March 28 – DMG Mori Co. Ltd. adjusted the conversion price for its 0% convertible bonds due 2024, according to a notice.

The conversion price will be adjusted to ¥2,499.7 from ¥2,549.4 retroactively from Jan. 1.

The adjustment was due to a year-end dividend of ¥50 (full-year dividend of ¥90) per common stock for fiscal year 2023, which was approved at the shareholders’ meeting on March 28.

DMG Mori is a Nagoya, Japan-based machine tool manufacturer.

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