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Share Issuance and Disposal4005SUMITOMO CHEMICAL COMPANY,LIMITEDMaterials and Chemicals

Notice Regarding the Reduction in the Amount of Capital Reserve Increase Resulting from the Share Exchange and Its Transfer to Other Capital Surplus

The Company resolved to reduce the capital reserve scheduled to increase through the share exchange by the same amount as the increase and transfer the entire amount to other capital surplus. Following the effective date, the capital reserve is expected to be the same amount as immediately before the share exchange.

Worth reading
31Immaterial
Scored from 3 of 5 sections
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Neutral
Direction inferred from the company’s description.
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Wording
Conditional
How definitive the wording is.

Details of issuance or disposal

発行・処分する株式数10,603,734Shares

Company shares delivered as consideration for the share exchange: 10,603,734 shares (予定)

Basis for determining the amount to be paid
予定 to be calculated based on the market value of the Company's shares delivered as consideration for the share exchange, in accordance with Article 39 of the Ordinance on Company Accounting
Procedures under the Corporate Code of Conduct
The amount of capital reserve will be reduced by resolution of the Board of Directors pursuant to Article 448, paragraph 3 of the Companies Act
Impact on Business Performance
No impact on the Company's results of operations
Details of issuance or disposal
ItemDetails
Number of shares to be issued or disposed ofCompany shares delivered as consideration for the share exchange: 10,603,734 shares (予定)
Basis for determining the amount to be paid予定 to be calculated based on the market value of the Company's shares delivered as consideration for the share exchange, in accordance with Article 39 of the Ordinance on Company Accounting
Procedures under the Corporate Code of ConductThe amount of capital reserve will be reduced by resolution of the Board of Directors pursuant to Article 448, paragraph 3 of the Companies Act
Impact on Business PerformanceNo impact on the Company's results of operations
Items this document does not state (24)
Type of issuance or disposalIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMost recent equity financingMajor shareholders after the offering

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To enable the Company to pursue a flexible capital policy after the share exchange. The specific amount of the reduction in capital reserve will be calculated based on the market value of the Company's shares delivered as consideration for the share exchange, and will be announced separately once finalized.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Reduction in the Amount of Capital Reserve Increase Resulting from the Share Exchange and Its Transfer to Other Capital Surplus | SUMITOMO CHEMICAL COMPANY,LIMITED (4005) timely disclosure | Komori