Risk of Share Dilution from a Third-Party Allotment Capital Increase
First written in FY2017-Q3. 1 of 2 entries say "Materialised", first in FY2018-Q1. Latest entry: FY2018-Q1.
Nagaoka International moved to the "Worse" side of this theme in 2017, 4 years before the typical company in this theme (2021).
The whole theme swung hardest in 2017: 17 of 34 companies on the "Worse" side.
44 other companies' latest entry also says "Materialised".
- FY2018-Q1MaterialisedAnnual report
「Total issued shares 3,539,200」
The planned issuance of 1,436,000 new shares through the private placement described previously was reflected in the number of issued shares at the end of the first quarter accounting period, so the dilution of existing shares moved from the planned stage to the post-issuance stage. - FY2017-Q3First statedAnnual report
「At a board meeting held on 10 May 2017, the Company resolved to issue new shares. The number of common shares to be issued through this private placement is 1,436,000, representing 14,360 voting rights. This will result in dilution of existing shares equivalent to 69.2% of the 20,757 voting rights attached to the Company's issued shares as of 31 December 2016.」
The board resolution for the private placement is expected to result in dilution of 69.2% relative to the voting rights attached to existing shares. The payment date is 2 June 2017, and the shares had not yet been issued as of the filing date.