Asics lowers conversion price for zero-coupon convertible bonds

New York, March 29 – Asics Corp. lowered the conversion price on its ¥30 billion zero-coupon convertible bonds due 2019 following payment of a common stock dividend, according to an announcement.

The new conversion price is ¥2,702.7, reduced from ¥2,715.4 previously.

The change is retroactive to the first day after the record date of Dec. 31, 2017.

Reduction of the conversion price follows the payment of an extraordinary dividend of ¥23.50 per share on the common stock, an action approved by shareholders on Thursday.

Asics is an athletic equipment company based in Kobe, Japan.

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