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Sanix Issues Notice Regarding Conversion of First Series of Unsecured Convertible Bonds with Stock Acquisition Rights (Significant Exercise of Rights).


Tokyo, Japan, Aug 21, 2006 - (JCN JCN Japan Corporate News
JCN Journal of Cognitive Neuroscience
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JCN joint communications network (US DoD) 
 Newswire) - Sanix Incorporated (Ticker: 4651, TSE/OSE/FSE, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. : Shin-ichi Munemasa) has notified an update below on the stock conversion, as of August 18, 2006, of First Series of Unsecured Convertible Bonds with Stock Acquisition Rights (Limited Inter-Bond Pari Passu [Latin, By an equal progress; equably; ratably; without preference.] Used especially to describe creditors who, in marshalling assets, are entitled to receive out of the same fund without any precedence over each other.


PARI PASSU. By the same gradation.
 Clause) that we issued (total issue value of 3 billion yen) on January 30, 2006.

1. Name

First Series of Unsecured Convertible Bonds with Stock Acquisition Rights

(Limited Inter-Bond Pari Passu Clause)

2. Exercise Date

From August 1, 2006 to August 18, 2006

3. Conversion Shares

3,278,688 shares

(from treasury stock: - shares)

(from new stock issues: 3,278,688 shares)

4. Conversion Price

366.00 yen

5. Exercised Amount

1,200 million yen

(Total exercised amount: 1,650 million yen, Conversion rate: 55.0%)

6. Unexercised Amount

1,350 million yen

About Sanix Incorporated

Sanix (TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
: 4651) is Japan's leading provider of sanitation sanitation: see plumbing; sanitary science.  and environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, . The company's business is divided into three areas; Home Sanitation, and Establishment Sanitation, which provides pest control pest control ncontrol m de plagas

pest control nlutte f contre les nuisibles

pest control pest n
 and sanitation maintenance and protection services for offices and public facilities. The Environmental Resources Development Division provides industrial waste management solutions and recycling services. This division positions Sanix as a leading provider of environmental services to society, which is becoming increasingly concerned about the health of the environment. Sanix's long experience in industrial waste management means the company is poised to take the lead in this new field.

Source: Sanix Incorporated

Contact:
Kozo Inoue
Managing Director
Administration Department
Management and Planning Division
TEL: 81-92-436-8870
FAX: 81-92-436-8871


Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K.
COPYRIGHT 2006 Japan Corporate News Network K.K.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:JCN Newswires
Geographic Code:9JAPA
Date:Aug 21, 2006
Words:275
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