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Infroneer Cuts Conversion Price on 2029 Green Convertible Bonds

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-- Infroneer (TYO:5076) will lower the conversion price for its zero-coupon green convertible bonds due 2029 to 1,660.4 yen from 1,722.8 yen following the approval of a 90 yen-per-share dividend, according to a Friday filing on the Tokyo Stock Exchange.

Under the conditions of the bonds, holders can exercise stock acquisition rights before March 2028 only if the company's share price exceeds 150% of the conversion price over a specified trading period.

Following the revision, the threshold will be 2,490 yen. The threshold for the later exercise period through December 2028 will be 2,158 yen.

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