Komori
Share Issuance and Disposal6997NIPPON CHEMI-CON CORPORATIONElectrical Equipment and Precision Instruments

Notice Concerning the Exercise by Class B Shareholders of Their Right to Request the Acquisition of Class B Shares in Exchange for Common Shares

The holders of Class B shares have exercised part of their right to request acquisition in consideration for common shares, and the Company plans to acquire and cancel 912 Class B shares. In consideration, it will deliver 1,001,070 common shares.

Worth reading
25Immaterial
Scored from 4 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
1001070
Shares (common stock)
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Delivery of common shares upon the exercise of rights to request acquisition of Class B shares in exchange for common shares

Who receives how much

New shares Not disclosed / Treasury shares Not disclosed / Common shares to be delivered 1,001,070 shares / Class B shares to be acquired 912 shares

Japan Industrial Solutions Fund III, L.P.1,001,070 shares

The lower thin line represents the existing number of shares to which these shares will be added.

Existing Shares and Increase
—Rate of increase
25,687,446 shares26,688,516Shares

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 class shares through a third-party allotment and issuance of common shares through a third-party allotment dated 10 October 2023 (the detailed amounts are not stated in this document)
Details of issuance or disposal
ItemDetails
Type of issuance or disposalDelivery of common shares upon the exercise of rights to request acquisition of Class B shares in exchange for common shares
Number of shares to be issued or disposed ofNew shares Not disclosed / Treasury shares Not disclosed / Common shares to be delivered 1,001,070 shares / Class B shares to be acquired 912 shares
Intended allotteeName Japan Industrial Solutions Fund III, L.P. / Number of Shares 1,001,070 shares
Total number of issued shares25,687,446 shares (common shares) → 26,688,516 shares (common shares)
Most recent equity financingIssuance of class shares through a third-party allotment and issuance of common shares through a third-party allotment dated 10 October 2023 (the detailed amounts are 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 Company received a request from a Class B shareholder to exercise the right to request acquisition in consideration for common shares with respect to part of the Class B shares held by the shareholder.

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 Concerning the Exercise by Class B Shareholders of Their Right to Request the Acquisition of Class B Shares in Exchange for Common Shares | NIPPON CHEMI-CON CORPORATION (6997) timely disclosure | Komori