Nippon Flour Mills adjusts convertible bond price, plans redemption

Nippon Flour Mills announced an adjustment to the conversion price of its 2025 maturity Euro Yen convertible bonds with stock acquisition rights, effective April 1, 2025. The conversion price will decrease from JPY2,213.9 to JPY2,179.9. The adjustment is triggered by the approval of a year-end dividend of JPY33 per share at the company’s June 27, 2025, general shareholders meeting. This dividend payment necessitates the conversion price adjustment according to the bond's terms. Separately, Nippon Flour Mills confirms that these bonds will be redeemed at maturity on June 20, 2025.