Komori
Share Issuance and Disposal6890Ferrotec CorporationElectrical Equipment and Precision Instruments

Notice Regarding the Accrual and Exercise of the Right to Early Redeem under the 130% Call Option Provision for Euro-Yen Convertible Bonds with Stock Acquisition Rights due 2028

Because the stock price condition was met, the right arose to early redeem the entire remaining face amount of ¥25 billion on 22 June 2026 at 100% of face value, and the company decided to exercise the right. However, the company may not exercise the right if an unexpected event occurs, such as a sudden change in market conditions.

Worth reading
42Recurring
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
250
¥100 million (face value)
Wording
Conditional
How definitive the wording is.

Details of issuance or disposal

Early redemption under the 130% call option provision for convertible bonds with stock acquisition rights

Terms of the stock acquisition rights
Exercise price
Conversion price: ¥3,592.9, adjusted from the initial conversion price of ¥4,020 under the conversion price adjustment provision
Exercise period
Through 17 June 2026 (Luxembourg time)
Most recent equity financing
Timing 23 June 2023 / Type 2028 Euro-Yen Convertible Bonds with Stock Acquisition Rights / Amount ¥25 billion (face value)
Details of issuance or disposal
ItemDetails
Type of issuance or disposalEarly redemption under the 130% call option provision for convertible bonds with stock acquisition rights
Exercise priceConversion price: ¥3,592.9, adjusted from the initial conversion price of ¥4,020 under the conversion price adjustment provision
Exercise periodThrough 17 June 2026 (Luxembourg time)
Most recent equity financingTiming 23 June 2023 / Type 2028 Euro-Yen Convertible Bonds with Stock Acquisition Rights / Amount ¥25 billion (face value)
Items this document does not state (24)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMajor shareholders after the offeringImpact on Business Performance

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

As of 24 March 2026, the stock price condition under the 130% call option provision set forth in the terms and conditions of the bonds was satisfied.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Accrual and Exercise of the Right to Early Redeem under the 130% Call Option Provision for Euro-Yen Convertible Bonds with Stock Acquisition Rights due 2028 | Ferrotec Corporation (6890) timely disclosure | Komori