Debt - Change of Terms::Notice Concerning Converted Price Adjustment of Zero Coupon Convertible Bonds Due 2023

Issuer & Securities

Issuer/ Manager
SUMITOMO METAL MINING CO., LTD.
Securities
SUMITOMOMM JPY30BZ230315 - XS1782471152 - 8MGB
Stapled Security
No

Announcement Details

Announcement Title
Debt - Change of Terms
Date &Time of Broadcast
27-Jun-2018 12:28:25
Status
New
Announcement Sub Title
Notice Concerning Converted Price Adjustment of Zero Coupon Convertible Bonds Due 2023
Announcement Reference
SG180627OTHRAYUJ
Submitted By (Co./ Ind. Name)
Yuma Iwata
Designation
senior staff
Description (Please provide a detailed description of the change in the box below)

June 26, 2018
Press Release
Sumitomo Metal Mining Co.,Ltd.


Notice Concerning Converted Price Adjustment of Zero Coupon Convertible Bonds Due 2023

We hereby provide notice of the adjustment to the Conversion Price of Zero Coupon Convertible Bonds due 2023 issued by Sumitomo Metal Mining Co.,Ltd.(SMM) as follows:

1. Adjustment of conversion price
Conversion Price of Zero Coupon Convertible Bonds due 2023 has been adjusted as below.
(Before adjustment)7,777.0 yen (After adjustment)7,766.0 yen

2. Date of application
From April 1, 2018

3. Reason for adjustment
At the 93rd Ordinary General Meeting of Shareholders held on June 26, 2018, the proposal regarding appropriation of surplus for issuing the year-end dividend of 66 yen per share was approved, bringing the total dividend for the year ended March 31, 2018 to 100 yen per share(including the interim dividend of 17 yen). As such, the Conversion Price was adjusted in accordance with the provisions for Zero Coupon Convertible Bonds due 2023.

Note
SMM implemented a consolidation of 2 shares of the SMM's stock into 1 share, effective October 1, 2017. The total dividend mentioned above is calculated in the ratio of the consolidation of shares.

Address inquiries concerning this Press Release to:
Sumitomo Metal Mining Co., Ltd.
Hidenobu Tasaki, Manager of Public Relations & Investor Relations Dept
TEL: +81-3-3436-7705

Additional Details

Asset Class
Convertible Bonds