We are pleased to inform that the series No. 6 unsecured convertible bond-type bonds with stock acquisition rights issued on June 2, 2004 in the amount of 6 billion yen have been fully converted to equity shares on October 15, 2004. Likewise, the series 5 unsecured convertible bond-type bonds with stock acquisition rights issued on the same date in the amount of 4 billion yen have also been fully converted to equity shares on August 4, 2004.
These two issues were executed in order to strengthen shareholders' equity that was negatively impacted by the implementation of impairment accounting last year. The initial purpose of the bond issuance has thus been fully achieved.
Progress in the conversion of convertible bonds to equity shares(as of October 15, 2004)
| Name of Convertible bond | Ube Industries, Ltd. The 5th and 6th Series of Unsecured Convertible Bond-Type Bonds with Stock Acquisition Rights (Limited Inter-Bond Pari Passu Clause) |
|---|---|
| Cumulative conversion amount | 10 billion yen (Conversion rate: 100%) |
| Category of equity shares | Common shares |
| Total number of shares issued | 71,792,310 |
| Company name | Ube Industries, Ltd. |
|---|---|
| Representative | Kazumasa Tsunemi Chairman of the Board and President (Code Number:4208, The First Section of the Tokyo Stock Exchange;Fukuoka Stock Exchange) |
| Contact | Masato Izumihara, General Manager Investor Relations & Public Relations Dept. Phone : +81(3)5419-6110 |
