Worth reading
35Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
23500000
Reverse stock split of shares into 1 shareWording
Conditional
How definitive the wording is.Details of issuance or disposal
Share consolidation
発行・処分する株式数
23,500,000 shares consolidated into 1 share
Intended allottee
BCPE Meta Cayman, L.P. (tender offeror; purchaser of the fractional shares)
Offering structure
Major shareholders after the offering
The tender offeror is expected to become the only major shareholder (shareholding ratio: Not disclosed)
Procedures under the Corporate Code of Conduct
The proposals were submitted to the extraordinary general meeting of shareholders and approved as originally proposed. Court approval is expected to be obtained for the sale of the fractional shares.
| Item | Details |
|---|---|
| Type of issuance or disposal | Share consolidation |
| Number of shares to be issued or disposed of | 23,500,000 shares consolidated into 1 share |
| Intended allottee | BCPE Meta Cayman, L.P. (tender offeror; purchaser of the fractional shares) |
| Total number of issued shares | 94,177,920 shares (after cancellation of treasury shares) → 4 shares (after consolidation) |
| Procedures under the Corporate Code of Conduct | The proposals were submitted to the extraordinary general meeting of shareholders and approved as originally proposed. Court approval is expected to be obtained for the sale of the fractional shares. |
| Major shareholders after the offering | The tender offeror is expected to become the only major shareholder (shareholding ratio: Not disclosed) |
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 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 RatioMost recent equity financingImpact 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.To execute this transaction to take the Company private by converting the shares held by shareholders other than the tender offeror into fractional shares of less than 1 share. As the total number of issued shares will become 4, the provisions on share units will also no longer be necessary, and the relevant provisions of the Articles of Incorporation will be deleted.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.