JPY 50,000,000,000 1.75 Per Cent. Convertible Bonds Due 2014 Occurrence and Exercise of the Call Option
SOFTBANK CORP. (hereafter “the Company”) announces that it has decided to exercise the early redemption option on all of JPY 50,000,000,000 1.75 per cent. Convertible Bonds due 2014 (issued by the Company on December 30, 2003, hereafter “the Bonds”), which the Company attained on May 2, 2011 as the 150 per cent option clause *1 stipulated in the prospectus of the Bonds was satisfied on the same day.
| 1. Bonds to be redeemed before maturity *2 | JPY 50,000,000,000 1.75 per cent. Convertible Bonds due 2014 |
|---|---|
| 2. Notional amount of early redemption |
Amount of all of the Bonds then outstanding as of planned early redemption day
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| 3. Planned early redemption day | June 27, 2011 (GMT) |
| 4. Total amount to be paid for early redemption | Bonds then outstanding at 100 per cent. of their principal amount, together with interest accrued to the date fixed for such redemption |
- *1 150 per cent option clause: clause 6.2 of the terms and conditions of the Bonds sets out that the Company may, on and after 31st March, 2008 having given not less than 30 nor more than 60 days' prior irrevocable notice to the Bondholders, redeem all, but not some only, of the Bonds then outstanding at 100 per cent. of their principal amount, together with interest accrued to the date fixed for such redemption, provided, however, that no such redemption may be made unless the closing price of the shares of common stock of the Company for each of the 30 consecutive trading days, the last of which occurs not more than 30 days prior to the date upon which the notice of such redemption is first published, is at least 150 per cent. of the conversion price in effect on each such trading day.
- *2 The Bonds are listed on the London Stock Exchange and Singapore Exchange.
Reference: press releases regarding the Bond (Japanese version only)
| December, 11, 2003 |
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| December 12, 2003 |
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| December 19, 2003 |
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