Adjustment to the Conversion Price of Series A Zero Coupon Convertible Bonds Due 2009.TOKYO -- Hitachi Hitachi (hētä`chē), city (1990 pop. 202,141), Ibaraki prefecture, E central Honshu, Japan, on the Kashima Sea. The city is a leading producer of Japan's electrical equipment. , Ltd. (NYSE NYSE See: New York Stock Exchange :HIT) (TOKYO:6501) (the "Company") today announced the adjustment of the amount to be paid upon exercise of the Stock Acquisition Rights (the "Conversion Price") of Series A Zero Coupon A certificate evidencing the obligation to pay an installment of interest or a dividend that must be cut and presented to its issuer for payment when it is due. Coupons are usually attached to a document, such as a promissory note, bond, share of stock, or a bearer Convertible Bonds due 2009 (the "Series A Convertible Bonds") which the Company issued on October October: see month. 19, 2004.
1. Adjustment to the Conversion Price
(1) Name of the Convertible Bonds
Series A Zero Coupon Convertible Bonds due 2009
(2) New Conversion Price: 822 yen
(3) Former Conversion Price: 1,009 yen
2. Effective Date: October 19, 2005
3. Reason for Adjustment
The Conversion Price is adjusted pursuant to the terms and
conditions of the Series A Convertible Bonds.
About Hitachi Hitachi, Ltd., (NYSE:HIT), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 347,000 employees worldwide. Fiscal 2004 (ended March 31, 2005) consolidated sales totaled 9,027.0 billion yen ($84.4 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . For more information on Hitachi, please visit the company's Website at http://www.hitachi.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion