Shionogi reduces conversion price for euro-yen convertibles due 2019

By Wendy Van Sickle

Columbus, Ohio, June 18 – Shionogi & Co., Ltd. lowered the conversion price for its euro-yen convertible bonds due 2019, according to an announcement.

The conversion price is now ¥4,100.30, down from ¥4,127.3 effective April 1.

Reduction of the conversion price follows approval of a year-end dividend of ¥50 per share at the annual general meeting of shareholders on June 18.

In addition, a dividend of ¥94 per share will be paid for the period ending March 2019.

Shionogi is an Osaka, Japan, pharmaceutical manufacturer.

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