Screen Holdings adjusts conversion price of zero coupon bonds

Screen Holdings Co., Ltd. (TSE:7735) has announced an adjustment to the conversion price of its Zero Coupon Convertible Bonds due 2025. The adjustment, effective April 1, 2025, lowers the conversion price from JPY 5,889.0 to JPY 5,786.4. This change is attributed to the payment of dividends of surplus at JPY 188 per share, approved at the general shareholders' meeting on June 20, 2025, aligning with Section 5.2.4 of the bond terms. The company also confirmed that bondholders have exercised stock acquisition rights for all remaining bonds, completing the conversion into common stock.