JFE Holdings adjusts conversion price on 2028 convertible bonds

JFE Holdings (TSE:5411) announced an adjustment to the conversion price for its Zero Coupon Convertible Bonds due 2028, effective April 1, 2025. The conversion price has been revised from JPY2,837.7 to JPY2,759.0. This adjustment is triggered by the Extraordinary Dividend resulting from the approval of a year-end dividend of JPY50 per share of common stock at the company's 23rd Ordinary General Meeting of Shareholders held on June 25, 2025. The adjustment is in accordance with the terms and conditions outlined in the bond documentation.