Showa Denko K.K. (SDK) to Exercise Call Option to Redeem Euro-yen Zero Coupon Convertible Bonds due 2009.Tokyo, Japan, Aug 7, 2007 - (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) - Showa Denko K.K. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 4004; 'SDK') at its board meeting today decided to exercise a call option to redeem all of the outstanding Euro-yen Zero Coupon Convertible Bonds due 2009 (the "Bonds") issued on March 25, 2004. SDK's right to redeem the Bonds became effective as the closing price of its common stock on the Tokyo Stock Exchange Tokyo Stock Exchange Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai. was more than 130% of the conversion price of the Bonds for each of the 30 consecutive trading days from May 29, 2007 through July 9, 2007. Specifically, all of the outstanding bonds (outstanding amount as of August 6, 2007: JPY JPY In currencies, this is the abbreviation for the Japanese Yen. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 21,792 million) will be redeemed on Thursday, September 6, 2007 at the price of 100% of the principal amount (JPY 1 million per bond). The request for conversion must be made by Monday, September 3, 2007. The Bonds are listed at the London and Singapore stock exchanges. SDK (Software Developer's Kit) See developer's toolkit and Windows SDK. SDK - Software Developers Kit (or "Software Development Kit"). decided to exercise the option to increase stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. and improve its financial strength. For more information, please visit http://www.sdk.co.jp/aa/english/ir/index.html About Showa Denko K.K. Showa Denko K.K. ('SDK'; TSE: 4004, US: SHWDF) is a major manufacturer and marketer of chemical products serving a wide range of fields ranging from heavy industry to the electronic and computer industries. SDK makes petrochemicals (ethylene, propylene propylene /pro·pyl·ene/ (pro´pi-len) a gaseous hydrocarbon, CH3CHdbondCH2. propylene glycol a colorless viscous liquid used as a humectant and solvent in pharmaceutical preparations. ), aluminum products (ingots, rods), electronic equipment (hard disks for computers) and inorganic materials (ceramics, carbons). The company has overseas operations and a joint venture with Netherlands-based Montell and Nippon Petrochemicals to make and market polypropylenes. In March 2001, SDK merged with Showa Denko Aluminum Corporation to strengthen the high-value-added fabricated aluminum products operations, and is today developing next-generation optical communications-use wafers. For more information, please visit www.sdk.co.jp. Source: Showa Denko K.K. Contact: Showa Denko K.K. Nobuhiro Kato nobuhiro_kato@sdk.co.jp +81-3-5470-3235 Japan Corporate News Network. All rights reserved. |
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