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

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

The holder of the Class B shares exercised its right to request the acquisition of the Class B shares in exchange for common shares. The Company will acquire 459 Class B shares and deliver 503,828 common shares. As a result, the number of common shares is expected to increase from 27,488,713 to 27,992,541, while the number of Class B shares is expected to become zero.

Worth reading
63In focus
Scored from 3 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
503828
Shares
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Delivery of common shares upon the exercise by Class B shareholders of their right to request the acquisition of Class B shares in exchange for common shares

Who receives how much

503,828 common shares (459 Class B shares to be acquired)

Japan Industrial Solutions No. 3 Investment Limited Partnership (503,828 common shares)

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

Existing Shares and Increase
+1.83%Rate of increase
27,488,713 shares27,992,541Shares

Approximately 1.83% on a common-share basis (503,828 shares / 27,488,713 shares)

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, Completion of payment for the issuance of class shares through a third-party allotment dated 27 December 2023
Details of issuance or disposal
ItemDetails
Type of issuance or disposalDelivery of common shares upon the exercise by Class B shareholders of their right to request the acquisition of Class B shares in exchange for common shares
Number of shares to be issued or disposed of503,828 common shares (459 Class B shares to be acquired)
Intended allotteeJapan Industrial Solutions No. 3 Investment Limited Partnership (503,828 common shares)
Dilution RateApproximately 1.83% on a common-share basis (503,828 shares / 27,488,713 shares)
Total number of issued shares27,488,713 common shares → 27,992,541 common shares(Approximately 1.83%)
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, Completion of payment for the issuance of class shares through a third-party allotment dated 27 December 2023
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 policyBasis 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 Japan Industrial Solutions No. 3 Investment Limited Partnership, the holder of the Class B shares, to exercise its right to request the acquisition of all of its Class B shares in exchange for common shares.

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 Rights to Request the Acquisition of Class B Shares in Exchange for Common Shares | NIPPON CHEMI-CON CORPORATION (6997) timely disclosure | Komori