Sanix to Issue Unsecured Convertible Bonds with Stock Acquisition Rights.Tokyo, Japan, Jan 13, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology 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) resolved at a meeting of its Board of Directors on January 13, 2006 to issue the Company's first series of unsecured convertible bonds with stock acquisition rights through a third-party placement. 1. Name of bond Sanix Incorporated, 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). 2. Issue price 100 yen per 100 yen in face value 3. Issue price of Stock Acquisition Rights Free 4. Payment date and date of issue January 30, 2006 5. Particulars of offering (1) Method of offering The entire amount will be allocated to Shinko Securities Co., Ltd. by means of a third-party allocation. (2) Subscription period Through January 30, 2006 (3) Venue where subscriptions will be accepted The Bank of Tokyo-Mitsubishi UFJ UFJ United Financial of Japan (bank) UFJ Upper Flex Joint , Ltd. Main Branch 6. Particulars of Bonds (1) Total amount of the Bonds 3,000 million yen (2) Face value of each Bond certificate 75 million yen (3) Interest rate on the Bonds The Bonds shall bear no interest. (4) Period of redemption January 30, 2008 (5) Rating acquired Not applicable. (6) Recording agency of the bond The Bonds with Stock Acquisition Rights meet the requirements of the provision of Article 297 of the Commercial Code of Japan, and therefore the Company has not established a recording agency of the bond. (7) Paying agent Paying Agent An agent who accepts payments from the issuer of a security and then distributes the payments to the holders of the security. Also known as a "disbursing agent. (place of payment of redemption money) The Bank of Tokyo-Mitsubishi UFJ, Ltd. Main Branch (8) Registrar None Use of funds raised in current financing: Estimated net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of 2,980 million yen will be applied in full to working capital and repayment of borrowings. For more information: http://www.sanix.co.jp/e02/e206.htm (TSE/OSE/FSE: 4651) <4651.T> 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 n → control m de plagas pest control n → lutte 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. |
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