Ezaki Glico trims conversion price of 0% convertibles due 2024

By Marisa Wong

Los Angeles, Feb. 14 – Ezaki Glico Co., Ltd. said it reduced the conversion price for its ¥30 billion issue of zero-coupon convertible bonds due 2024.

The conversion price was lowered to ¥8,000.7 from ¥8,033.0, effective retroactively from Jan. 1.

The change is due to payment of a dividend of ¥60 per share approved by the company’s board of directors on Friday, according to a notice.

Ezaki Glico is an Osaka, Japan, maker of confectionary, frozen dessert, dairy products and other processed food products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.