Digital Garage cuts conversion price on 0% convertibles due 2023

By Mary-Katherine Stinson

Lexington, Ky., June 23 – Digital Garage, Inc. lowered the conversion price for its zero-coupon convertible bonds due 2023 to ¥5,510 from ¥5,521.10, according to a notice.

The change, effective retroactively to April 1, is due to payment of a dividend of ¥37 per share approved by shareholders on June 23.

The marketing technology company is based in Tokyo.

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