For Immediate Release December 20, 2018
Pioneer Announces Reset of Conversion Price of
Convertible Bonds due 2020
Pioneer Corporation (hereinafter "Pioneer") announced that the Conversion Price of its Convertible Bonds due 2020, is being reset as follows.
1.
Reset of Conversion Price
Name of Convertible Bonds | Conversion Price Before Reset | Conversion Price After Reset |
Zero Coupon Convertible Bonds due 2020 | 456 yen | 387.6 yen |
2. Effective Date of Reset December 25, 2018
3. Reason for Reset
The Conversion Price is being reset in accordance with the terms and conditions of the Convertible Bonds. Reference is made to the news release of "Pioneer Announces Issuance of Zero Coupon Convertible Bonds due 2020 Through Third-Party Allotment" dated December 2, 2015. (https://global.pioneer/en/news/press/2015/pdf/1202-1.pdf)
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For further information, please contact: Kunio Kawashiri
Director and Senior Executive Officer Pioneer Corporation, Tokyo
Phone: +81-3-6634-8777 / Fax: +81-3-6634-8745 E-mail:pioneer_ir@post.pioneer.co.jp
IR Website: https://global.pioneer/en/ir/
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Disclaimer
Pioneer Corporation published this content on 20 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 December 2018 06:44:03 UTC