For Immediate Release December 20, 2018

Pioneer Announces Reset of Conversion Price of

Convertible Bonds due 2020

Pioneer Corporation (hereinafter "Pioneer") announced that the Conversion Price of its Convertible Bonds due 2020, is being reset as follows.

1.

Reset of Conversion Price

Name of Convertible Bonds

Conversion Price Before Reset

Conversion Price After Reset

Zero Coupon Convertible Bonds due 2020

456 yen

387.6 yen

  • 2. Effective Date of Reset December 25, 2018

  • 3. Reason for Reset

    The Conversion Price is being reset in accordance with the terms and conditions of the Convertible Bonds. Reference is made to the news release of "Pioneer Announces Issuance of Zero Coupon Convertible Bonds due 2020 Through Third-Party Allotment" dated December 2, 2015. (https://global.pioneer/en/news/press/2015/pdf/1202-1.pdf)

#

#

#

#

#

#

For further information, please contact: Kunio Kawashiri

Director and Senior Executive Officer Pioneer Corporation, Tokyo

Phone: +81-3-6634-8777 / Fax: +81-3-6634-8745 E-mail:pioneer_ir@post.pioneer.co.jp

IR Website: https://global.pioneer/en/ir/

Attachments

  • Original document
  • Permalink

Disclaimer

Pioneer Corporation published this content on 20 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 December 2018 06:44:03 UTC