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Share Issuance and Disposal6330TOYO ENGINEERING CORPORATIONConstruction and Materials

Notice of Conversion of Class A Preferred Shares into Common Shares

Acquisition rights were exercised for 500,100 Class A preferred shares, and the shares were converted into the same number of common shares. Following the conversion, the number of Class A preferred shares held will be zero.

Worth reading
53Recurring
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
500100
Shares
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Conversion of Class A preferred shares into common shares

Who receives how much

Common shares 500,100 shares / Class A preferred shares 500,100 shares (cancelled upon conversion; shares held: 0)

インテグラルTeam投資事業有限責任組合433,700 shares
Innovation Alpha Team L.P.66,400 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
58,328,707 shares58,828,807Shares

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.

Basis for determining the amount to be paid
One common share per Class A preferred share
Most recent equity financing
Issuance of preferred shares through a private placement dated 28 November 2018 (the detailed amount is Not disclosed in this document)
Details of issuance or disposal
ItemDetails
Type of issuance or disposalConversion of Class A preferred shares into common shares
Number of shares to be issued or disposed ofCommon shares 500,100 shares / Class A preferred shares 500,100 shares (cancelled upon conversion; shares held: 0)
Intended allotteeName インテグラルTeam投資事業有限責任組合 / Number of Shares 433,700 shares, Name Innovation Alpha Team L.P. / Number of Shares 66,400 shares
Total number of issued shares58,328,707 shares (common shares) → 58,828,807 shares (common shares)
Basis for determining the amount to be paidOne common share per Class A preferred share
Most recent equity financingIssuance of preferred shares through a private placement dated 28 November 2018 (the detailed amount is Not disclosed in this document)
Items this document does not state (22)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateExercise 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.

Because the holder of the Class A preferred shares exercised its acquisition rights, with common shares as consideration, pursuant to Article 12-6 of the 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 Conversion of Class A Preferred Shares into Common Shares | TOYO ENGINEERING CORPORATION (6330) timely disclosure | Komori