Raising Funds for Production Capacity Expansion and New Investments through Stock Acquisition Rights (Commitment Issue)
First written in FY2018-Q2. 1 of 2 entries say "Achieved", first in FY2018-Q3. Latest entry: FY2018-Q3.
The whole theme swung hardest in 2020: 1 of 10 companies on the "Worse" side.
3 other companies' latest entry also says "Achieved".
- FY2018-Q3AchievedAnnual report
「During the third quarter accounting period, stock acquisition rights attached to bonds with stock acquisition rights subject to adjustment clauses for the exercise price were exercised as follows. Third quarter accounting period (1 October 2017 to 31 December 2017): number of such stock acquisition rights exercised during the quarter (rights), 300,000; number of shares delivered upon exercise during the quarter (shares), 300,000; funds raised through exercise during the quarter (¥ million), 1,452.」
All 300,000 Fifth Series Stock Acquisition Rights were exercised during the third quarter accounting period, 300,000 shares were issued, and ¥1,452 million was raised. The fund-raising through stock acquisition rights for production-expansion equipment and other purposes was completed. - FY2018-Q2First statedAnnual report
「Pursuant to a resolution of the Board of Directors dated 14 November 2017, the company resolved to issue the Fifth Series of Stock Acquisition Rights, with FVC-EVO Growth Platform Fund Ltd., SPC (“GPF”) as the intended allottee, and to enter into a third-party allotment agreement for the stock acquisition rights with GPF, conditional on the effectiveness of the required filing under the Financial Instruments and Exchange Act (commitment issue (*1), the “Agreement”). The total number of stock acquisition rights was 300,000, and the amount to be raised was ¥1,395,300,000.」
The company resolved to raise approximately ¥1,395 million through a third-party allotment of stock acquisition rights representing 300,000 potential shares, to fund equipment for increased diamond wire production and its investment in Pepster Corporation. The allotment date was set for 30 November 2017, and the rights constituted a commitment issue requiring all rights to be exercised within 27 price-calculation dates in principle.