We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Lepidico Ltd | TG:AUB | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0016 | 0.001 | 0.0018 | 0.00 | 06:32:01 |
RNS Number:3840P Autobacs Seven Co.Ld 04 September 2003 (Translation) September 4, 2003 To Whom It May Concern: Koichi Sumino Chief Executive Officer and Representative Director Autobacs Seven Co., Ltd. 13-16, Mita 3-chome, Minato-ku, Tokyo (Code No. 9832 of the First Section of the Tokyo Stock Exchange and the Osaka Securities Exchange. The London Stock Exchange) Person to Contact: Takashi Matsuo Director Telephone No: 03-3454-0062 Announcement on determination of terms and conditions of Euro Yen Zero Coupon Convertible Bonds due 2023 AUTOBACS SEVEN CO., LTD. (the "Company") has determined at a meeting of the Board of Directors held today the following terms and conditions of the Euro Yen Zero Coupon Convertible Bonds due 2023 (bonds with stock acquisition rights, tenkanshasaigata shinkabu yoyakuken-tsuki shasai) (hereinafter referred to as the "Bonds with Stock Acquisition Rights", of which the Bonds and the Stock Acquisition Rights are to be hereinafter referred to as the "Bonds" and the "Stock Acquisition Rights", respectively), issuance of which was resolved by the Board on September 3, 2003. Description 1. Matters Regarding the Stock Acquisition Rights (1) Base Conversion Rate 1,552.79 (Reference) a. Base Conversion Price* JPY 3,220 b. Share Price (Closing) on September 3, 2003 JPY 2,300 on the Osaka Securities Exchange c. Premium (((Base Conversion Price) / (Share 40.0% Price (Closing)) -1)*100) (2) Incremental Share Factor 2,173.91 (3) Maximum Conversion Rate 1,976.28 (4) Rationale for establishing the The issue price of the Stock Acquisition Rights has been determined issue price of the Stock as zero, taking into consideration that the Bonds and the Stock Acquisition Rights and the amount Acquisition Rights have a close interrelation on the grounds that the to be paid upon exercise thereof Stock Acquisition Rights are incorporated in the bonds with stock acquisition rights of a convertible bonds type (tenkanshasaigata) and shall not be transferable separately from the Bonds and that all the Bonds shall cease to exist upon exercise of the related Stock Acquisition Rights due to substitute payment; and also taking into consideration the value of the Stock Acquisition Rights and the economic value obtainable from the interest rate, the issue price and other terms and conditions of the issue of the Bonds. The amount to be paid upon exercise of each Stock Acquisition Right has been determined as the amount equal to the issue price of each Bond since the Bond with Stock Acquisition Right is bond with stock acquisition rights of a convertible bonds type (tenkanshasaigata). The initial Base Conversion Rate has been determined as 1,552.79 (the initial Base Conversion Price corresponding thereto is the closing price (regular way) of the shares of common stock of the Company on the Osaka Securities Exchange Co., Ltd. on September 3, 2003 plus 40.0%). * Base Conversion Price is the amount in yen computed by dividing the principal amount of each Bond, JPY 5,000,000, by the Base Conversion Rate (amounts less than one yen are omitted), and is equal to the amount calculated using from the above premium based on the above share price (rounded down to the nearest yen). (Reference-1) 1. Calculation of Conversion Rate The Stock Acquisition Rights are designed to change the conversion rate according to the level of stock price at exercise (the Applicable Stock Price). Specifically, the conversion rate determined by the Stock Acquisition Rights is calculated by the following formula: Conversion = Base + Applicable - Base Conversion Price * Incremental Rate Conversion Stock Price Share Factor Rate Applicable Stock Price In any event, however, the Conversion Rate shall not exceed the Maximum Conversion Rate of 1,976.28 provided in 1.(3) above. 2. Calculation of Conversion Price The amount to be paid per share upon exercise of the Stock Acquisition Rights (the "Conversion Price") shall be the amount in yen obtained by dividing the principal amount of each Bond, JPY 5,000,000, by the Conversion Rate calculated based on the above 1 (amounts less than one yen are omitted). (Reference-2) 1. Total Amount of Issue of the Bonds: The aggregate of JPY8,500,000,000, plus an aggregate principal amount of the Bonds in respect of the Bonds with Stock Acquisition Rights to be additionally issued upon exercise of the option granted to the Manager as set forth in terms and conditions of the Bonds, and an aggregate principal amount of replacement Bond Certificates that may be issued against appropriate evidence and indemnity in case of loss, theft or destruction of any Bond Certificate. 2. Date of Resolution of Issuance: September 3, 2003 3. Subscription Period: Not applicable. 4. Date of Payment and Date of Issuance: September 22, 2003 5. Exercise period of the Stock Acquisition Rights From and including October 22, 2003, up to, and including September 15, 2023 when the Exercise Agent closes its business (hereinafter referred to as the "Exercise Period"). Provided, however, that the Stock Acquisition Rights shall not be exercised in each case (i); if the relevant Bond shall have been called for redemption at the Company's option, then up to the close of business on the 15th business day in Tokyo prior to the date fixed for redemption thereof, or (ii); if such Bond shall become due to be redeemed at the option of the holder of the Bonds with Stock Acquisition Rights, then up to the time when the relevant notice of redemption is deposited at the specified office of an Agent of the Bonds, or (iii); if the Bonds shall become due and repayable before their maturity, then up to the time when such Bonds shall become so due and repayable; provided, however, that the relevant Deposit Date falls during the Exercise Period above, and provided further that in no event shall the Stock Acquisition Rights be exercised after September 15, 2023. 6. Other conditions for the exercise of the Stock (A) No Stock Acquisition Right may be exercised Acquisition Rights in part only. (B) A holder of the Bonds with Stock Acquisition Rights may exercise the Stock Acquisition Rights on and after the first day of any calendar quarter until the end of such quarter; provided that the relevant Deposit Date falls during the Exercise Period only if the closing price of the shares of common stock of the Company for any twenty (20) trading days in a period of thirty (30) consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is more than 110% of the Base Conversion Price; provided, however, that, conditions regarding the exercise of the Bonds with Stock Acquisition Rights set forth in this clause will not apply during the period set forth in (a) through (c) below. (a) During any period in which the credit rating assigned to the senior long-term debt of the Company, or to the Bonds by Standard & Poor's Ratings Services or its successors (together, "Standard & Poor's") is BBB- or lower, the Bonds are no longer rated by Standard & Poor's, or the credit rating assigned to the Bonds has been suspended or withdrawn by Standard & Poor's. (b) During any period after the Company gives notice concerning the redemption prior to maturity on the Company's option to the holder of the Bonds with Stock Acquisition Rights. (c) In case of consolidation in which the Company will not be a surviving company, assignment of all or substantially all assets of the Company, split of the business of the Company (in which obligation of the Company under the Bonds with Stock Acquisition Rights is transferred to the Company to which the business is transferred) or share exchange (kabushiki-kokan) or share transfer (kabushiki-iten) by which the Company becomes a wholly-owned subsidiary of another corporation is performed, the period from and after the date which is thirty (30) days prior to the effective date thereof until one day prior to the relevant effective day; provided, however, that such effective date shall be set forth in a notice given by the Company to the Trustee and the holder of the Bonds with Stock Acquisition Rights. 7. Maturity Date: September 30, 2023 This information is provided by RNS The company news service from the London Stock Exchange END IODSSWSULSDSEIU
1 Year Lepidico Chart |
1 Month Lepidico Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions