Ivy Cosmetics (4918) · InitiativeAchieved
Amendment to the Articles of Incorporation to Authorize the Issuance of Class A Preferred Shares
First written in FY2019-Q2. 1 of 2 entries say "Achieved", first in FY2019-Q3. Latest entry: FY2019-Q3.
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- FY2019-Q3AchievedAnnual report
「On 25 December 2018, the company issued ¥1,000,000,000 of Series 1 Class A preferred shares.」
The plan to authorize the issue of Class A preferred shares was implemented through an actual ¥1,000,000,000 issuance by way of a third-party allotment on 25 December 2018. - FY2019-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 8 November 2018, we resolved to hold an extraordinary general meeting of shareholders on 7 December 2018 and to submit to that meeting a proposal to partially amend the Articles of Incorporation to authorize the issue of class shares as described below. The Class A preferred dividend will be ¥60 per share and will be paid in cash.」
The company decided to submit a proposal to amend the Articles of Incorporation to authorize the issue of Class A preferred shares to the extraordinary general meeting of shareholders scheduled for 7 December 2018. The proposal provides for 1 million authorized Class A preferred shares and a preferred dividend of ¥60 per share, and represents the first disclosure of a plan to expand financing options.