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Sanrio Lowers Convertible Bond Conversion Price Following Year-End Dividend Approval

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Sanrio Company (TYO:8136) has made an adjustment to the conversion price of its Zero Coupon Convertible Bonds due 2028, lowering it from 507.9 yen to 504.1 yen, effective April 1.

The adjustment follows the board's June 23 resolution to pay a year-end dividend of 38 yen per share, in line with the bonds' conversion price adjustment clauses, according to a Tokyo bourse filing on Tuesday.

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