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Mizuho adjusts conversion price of preferreds to ¥536.6
By Susanna Moon
Chicago, Feb. 17 - Mizuho Financial Group, Inc. said it adjusted the initial conversion price of the 11th series class XI preferred shares to ¥536.6 as of Tuesday.
The conversion price was lowered from ¥536.7.
The company said the adjustment was due to the issuance of stock compensation-type options, or stock acquisition rights, on Monday.
The ¥322 floor price of the conversion price was not changed because it is unaffected by the adjustment, according to a 6-K filing with the Securities and Exchange Commission.
Mizuho is a bank holding company based in Tokyo.
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