Hokkaido Electric Power (TYO:9509) revised downward its zero-coupon convertible bond conversion price, effective April 1, according to a Tokyo bourse filing on Thursday.
The conversion price was revised from 1,353 yen to 1,332.4 yen following shareholder approval of a 17 yen per share year-end dividend at the June 25 annual general meeting, triggering the bond's adjustment provisions.
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