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Share Issuance and Disposal6330TOYO ENGINEERING CORPORATIONConstruction and Materials

Notice of Partial Conversion of Class A Preferred Shares into Common Shares

Acquisition request rights were exercised for 5,740,100 Class A preferred shares, and the same number of common shares was delivered. As a result, the number of common shares increased, and the number of Class A preferred shares after the conversion is 500,100.

Worth reading
23Immaterial
Scored from 3 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
5740100
Shares
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Partial conversion of Class A preferred shares into common shares (delivery of common shares through the exercise of acquisition request rights)

Who receives how much

5,740,100 common shares (conversion of 5,740,100 Class A preferred shares)

Integral Team Investment Limited Partnership4,977,300 common shares
Innovation Alpha Team L.P.762,800 common shares

The height of each bar represents the proportion of shares received by each allottee. The thin line below represents the number of existing shares to which these shares are added.

Existing Shares and Increase
—Rate of increase
52,588,607 shares58,328,707Shares

The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.

Most recent equity financing
Issuance of preferred shares through a third-party allotment dated 28 November 2018 (the detailed amount is not stated in this document)
Details of issuance or disposal
ItemDetails
Type of issuance or disposalPartial conversion of Class A preferred shares into common shares (delivery of common shares through the exercise of acquisition request rights)
Number of shares to be issued or disposed of5,740,100 common shares (conversion of 5,740,100 Class A preferred shares)
Intended allotteeName Integral Team Investment Limited Partnership / Number of Shares 4,977,300 common shares, Name Innovation Alpha Team L.P. / Number of Shares 762,800 common shares
Total number of issued shares52,588,607 common shares and 6,240,200 Class A preferred shares → 58,328,707 common shares and 6,240,200 Class A preferred shares (including 5,740,100 treasury shares)
Most recent equity financingIssuance of preferred shares through a third-party allotment dated 28 November 2018 (the detailed amount is not stated in this document)
Items this document does not state (23)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateBasis for determining the amount to be paidExercise 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 RatioProcedures under the Corporate Code of ConductMajor shareholders after the offeringImpact on Business Performance

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.

The holders of the Class A preferred shares exercised their acquisition request rights, with common shares as consideration, pursuant to Article 12-6 of the Company's Articles of Incorporation.

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 of Partial Conversion of Class A Preferred Shares into Common Shares | TOYO ENGINEERING CORPORATION (6330) timely disclosure | Komori