Notice Regarding Adjustment of Conversion Price for Zero Coupon Convertible Bonds due 2022
KYUSHU ELECTRIC POWER COMPANY, INCORPORATED (the "Company") hereby announces the adjustment of conversion price for the Zero Coupon Convertible Bonds due 2022 (the "Bonds").
Adjustment of Conversion Price
| Name of issue | Conversion price prior to the adjustment | Conversion price after the adjustment |
| Zero Coupon Convertible Bonds due 2022 | ¥1,416.4 | ¥1,391.8 |
Effective Date for the Conversion price after the adjustment
April 1, 2020 (Japan time)
Reason for the adjustment
Adjustment of Conversion Price pursuant to Condition 5.2.4 of the terms and conditions of the Bonds due to the Extraordinary Dividend (as defined in such Condition 5.2.4) resulting from payment of a dividend of ¥15 per share of the Company common stock. The payment of such dividend was approved at the general meeting of our shareholders on June 25, 2020.
