Screen Holdings cuts conversion price for 0% bonds due 2025

By Mary-Katherine Stinson

Lexington, Ky., June 23 – Screen Holdings Co., Ltd. announced it will lower the conversion price of its zero-coupon convertible bonds due 2025 retroactively from April and again in October, according to an announcement on Friday.

The conversion price of the 2025 bonds was lowered to ¥11,936.40 from ¥12,337 effective as of April 1, resulting from a dividend payment of ¥365 per share as approved at the general meeting of shareholders on June 23.

The conversion price of the bonds will again be lowered to ¥5,968.20 from ¥11,936.40 effective Oct. 1, resulting from the stock split approved at the board of directors meeting on May 10.

Screen is a Kyoto-based semiconductor and electronics company.

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