Sanix to Issue Unsecured Convertible Bonds with Stock Acquisition Rights.
Tokyo, Japan, Jan 13, 2006 - (JCN Newswire) - Sanix Incorporated (Ticker: 4651, TSE/OSE/FSE, President & CEO: 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 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, 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 (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 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: 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
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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| Publication: | JCN Newswires |
|---|---|
| Geographic Code: | 9JAPA |
| Date: | Jan 13, 2006 |
| Words: | 434 |
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