Home HRCompany Profiles “K”LINE -Notice of Adjustment of Conversion Price for Yen 50, 000, 000, 000 Zero Coupon Convertible Bonds due 2018

“K”LINE -Notice of Adjustment of Conversion Price for Yen 50, 000, 000, 000 Zero Coupon Convertible Bonds due 2018

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k line teuNotice of Adjustment of Conversion Price for ¥50, 000, 000, 000 Zero Coupon Convertible Bonds due 2018

Kawasaki Kisen Kaisha, Ltd. (the “Company”) hereby announces the adjustment of the conversion price for its ¥50, 000, 000, 000 Zero Coupon Convertible Bonds due 2018 (the “Bonds”) as follows:

1. Adjustment of Conversion Price

k line bonds 24 JUNE 2016

 

 

 

 

2. Effective Date for the new Conversion price

April 1, 2016 (Japan time)

3. Reason for the adjustment

Adjustment of Conversion Price pursuant to Condition 5.2.4 of the terms and conditions of the Bonds due to the Extraordinary Dividend (as defined in such Condition 5.2.4) resulting from payment of an annual dividend of ¥2.50 per Share. The payment of such dividend was approved at a general meeting of shareholders on June 24, 2016. Accordingly, the aggregate amount of dividend for the fiscal year ended 31 March 2016 has become JPY 5.00 per Share.

For further information, please contact: Yuji Asano General Manager, Finance Group Kawasaki Kisen Kaisha, Ltd. (“K” Line) Tel: +81-3-3595-5608 Fax: +81-3-3595-5176

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