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Sanix Notice Regarding Completion of Converting First Series of Unsecured Convertible Bonds with Stock Acquisition Rights.


Tokyo, Japan, Aug 25, 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) announced that 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) issued (total issue value of 3 billion yen) on January 30, 2006 were fully converted as of August 25, 2006.

Status of Conversion

1. Name

First Series of Unsecured Convertible Bonds with Stock Acquisition Rights

(Limited Inter-Bond Pari Passu Clause)

2. Cumulative Conversion Amount

3 billion yen (Conversion Rate: 100%)

3. Class of Stock

Sanix Incorporated Common Stock

4. Number of Stock Converted

7,979,344 shares

(from new stock issues: 7,979,344 shares)

Total number of common stock issued after full conversion and the paid-in capital Paid-in capital

Capital received from investors in exchange for stock, but not stock from capital generated from earnings or donated. This account includes capital stock and contributions of stockholders credited to accounts other than capital stock.
 (as of August 25, 2006) of Sanix Incorporated are as follows;

Number of Common Stock Issued: 48,919,396 shares

Paid-in Capital: 14,041,834,640 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 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
SANIX INCORPORATED
URL: http://www.sanix.co.jp/index_e.htm


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 26, 2006
Words:283
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