Johnson Electric to adjust conversion price on 1% convertibles Dec. 17

By Marisa Wong

Madison, Wis., Dec. 10 – Johnson Electric Holdings Ltd. said it will adjust the conversion price for its 1% convertible bonds due 2021 on Dec. 17.

This adjustment is related to an interim dividend for the six months ended Sept. 30.

The new conversion price will be disclosed in a later announcement.

The company issued $200 million of the 1% convertible bonds in March 2014.

Johnson Electric is a Shatin, Hong Kong, provider of motion subsystems and motion components for automotive and industrial applications.

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