Softbank to Split Stock 3-for-1 on June 23
By Norie Kuboyama
Tokyo, April 12 (Bloomberg) -- Softbank Corp., a Japanese
Internet investor, said it will split its stock 3 for 1 as of June 23 and will cut the conversion price on its convertible bonds and exercise prices on its warrant bonds to adjust for the split.
Softbank's registered stockholders as of April 28 will
receive 2 additional shares for each share held. Based on shares
outstanding as of March 31, the stock split will raise to
Softbank's issued and outstanding shares to 330.45 million.
Softbank will cut the conversion price on No. 1 convertible
bonds and exercise prices on No. 2 to 5 warrant bonds as follows:
Series Conversion Price
New Current
No. 1 convertible bonds 2,713.7 yen 8,141.2 yen
Series Exercise Price
New Current
No. 2 warrant bonds 1,708.3 yen 5,125 yen
No. 3 warrant bonds 2,770 yen 8,310 yen
No. 4 warrant bonds 6,460 yen 19,380 yen
No. 5 warrant bonds 28,633.3 yen 85,900 yen
The new prices take effect on May 1. |
