Jafco Co (JP:8595) has released an update.
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Jafco Co. has adjusted the conversion price of its Zero Coupon Convertible Bonds due 2028 from ¥2,047.8 to ¥2,013.4, effective October 1, 2024. This adjustment follows the approval of an interim dividend, aligning with the bond’s terms that require the company’s share price to exceed 130% of the conversion price before exercising acquisition rights.
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