GMO Payment Gateway : Notice of Accrual and Exercise of Early Redemption Right under 130% Call Option Clause regarding Zero Coupon Convertible Bonds due 2023
May 21, 2021 at 02:33 am EDT
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May 21, 2021
GMO Payment Gateway, Inc.
(Tokyo: 3769)
Notice of Accrual and Exercise of Early Redemption Right under 130% Call Option
Clause regarding Zero Coupon Convertible Bonds due 2023
GMO Payment Gateway, Inc. ("GMO-PG") hereby announces that, with respect to the Zero Coupon Convertible Bonds due 2023 (the "Bonds"), the requirements of the 130 % call option clause set forth in the terms and conditions of the Bonds were fulfilled on April 21, 2021, and GMO-PG is thereby entitled to early redemption of the entire outstanding amount of the Bonds at a price equal to 100% of the principal amount on the same date.
GMO-PG has determined to exercise the right and redeem the entire outstanding amount of the Bonds.
1. Bonds to be redeemed:
2. T o t a l a m o u n t f o r r e d e m p t i o n :
3. Last day on which the Stock Acquisition Rights
m a y b e e x e r c i s e d :
4.
R e d e m p t i o n d a t e :
5.
R e d e m p t i o n a m o u n t :
For Reference:
GMO Payment Gateway, Inc.
Zero Coupon Convertible Bonds due 2023 All of the outstanding Bonds
*Outstanding amount as of May 20, 2021 : ¥7,300,000,000 (par value)
June 16, 2021
June 21, 2021
100% of the principal amount of the Bonds
Outline of Zero Coupon Convertible Bonds due 2023
1.
D a t e o f i s s u e :
June 19, 2018
2.
Scheduled maturity date:
June 19, 2023
3.
I s s u e a m o u n t :
¥17,000,000,000 (par value)
4.
C o n v e r s i o n P r i c e :
¥7,533.6
*The initial conversion price was ¥15,106 and, in accordance with the terms and conditions of the Bonds, it was adjusted on October 1, 2018 due to a two-for-one stock split and further adjusted as previously announced on March 28, 2019, December 16, 2019 and December 21, 2020 due to extraordinary dividends, resulting in the above figure which is the currently applicable conversion price.
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GMO Payment Gateway Inc. published this content on 21 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 May 2021 06:32:05 UTC.
GMO Payment Gateway, Inc. is a company engaged in the provision of payment processing services of credit cards and others to the operators of non-face-to-face sale business. The Company provides payment processing services, including payment gateway (PG) multi-payment services, representative accession services, laundering services, credit card payment services for local governments and other multi-payment services, as well as value-added services, including quick collection services, delivery services, support services of the guest attracting and sales improvement for member stores, member authentication and payment platform services.
GMO Payment Gateway : Notice of Accrual and Exercise of Early Redemption Right under 130% Call Option Clause regarding Zero Coupon Convertible Bonds due 2023