Sanix Announces Revised Conversion Price of First Series of Unsecured Convertible Bonds with Stock Acquisition Rights.
1. Revision of Conversion Price
First Series of Unsecured Convertible Bonds with Stock Acquisition Rights
(Limited Inter-Bond 'Pari Passu' Clause)
Current conversion price: 520.60 yen
Revised conversion price: 465.00 yen
2. Effective Date
As of May 10, 2006
3. Reasons for Revision
The revision is made in accordance with the provisions as specified in the terms and conditions.
About Sanix Incorporated
Sanix (TSE: 4651) is Japan's leading provider of sanitation and environmental services. The company's business is divided into three areas; Home Sanitation, and Establishment Sanitation, which provides pest control 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
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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|Date:||May 2, 2006|
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