Corporate Disclosure [August 20, 2004]
[August 20, 2004] Notification of revision of conversion price for Kanematsu’s 2nd issue of unsecured non-detachable warrants (“convertible bonds”)
The conversion price has been revised downward, as follows:
1. Conversion Price Revision
| Name of convertible bond: |
New Price |
Former Price |
Kanematsu Corp.'s 2nd issue of unsecured non-detachable warrants
(non-detachable warrants with a special clause for non-subordination to other bonds traded solely in Japan |
¥147.20 |
¥157.60 |
2. Effective: August 23, 2004
3. Grounds for the Revision:
The revision in question has been made in response to a decline in the Company's share price. Such a change is provided for in the terms specified in the bond prospectus.