News Releases

November 14, 2005

For Immediate Release

Alpine Electronics, Inc.

Notice Concerning Delisting and Conversion Period in line with the Redemption of Convertible Bonds.

Alpine Electronics, Inc. ("Alpine" or "the Company") decided to exercise its right to prematurely redeem the entire balance of its Second Series of Unsecured Convertible Bonds (with covenants that entitle bondholders to an equal claim to collateral) ("the Bonds") issued on February 14, 2002. The decision to prematurely redeem the Bonds on November 25, 2005 was after the requirements for the 130% call option were met.

In connection with the total amount for redemption of \5,369 million, requests for conversion to stock have been received for an amount equivalent to 3,554 million. The residual unconverted amount stood at \1,815 million as of November 8, 2005.

The final trading date is November 17, 2005 (Thursday) and the Bonds shall be delisted effective November 18, 2005 (Friday).

In addition, the Company wishes to advise all concerned parties that the final conversion date is November 24, 2005 (Thursday). Holders of the Bonds will not be able to convert to stock after that date.

Transfer Agent Department
Mitsubishi UFJ Trust and Banking Corporation
1-4-5 Marunouchi, Tokyo 100-8212
TEL: 0120-707-696 (free dial)


About Cookies on this site:
This site uses cookies to improve your online experience. By continuing to use this site without changing your cookie preferences, we will assume that you are agreeing to our use of cookies. For more information, visit our Terms of Use.