Financing Through Stock Acquisition Rights with Adjustment Clauses for the Exercise Price
First written in FY2021-Q2. 1 of 2 entries say "Achieved", first in FY2021-Q3. Latest entry: FY2021-Q3.
24 other companies' latest entry also says "Achieved".
- FY2021-Q3AchievedAnnual report
「During the current third-quarter accounting period, subscription rights to shares attached to bonds with subscription rights to shares and other instruments containing an exercise-price adjustment clause were exercised as follows. Cumulative number of such rights exercised as of the end of the current third-quarter accounting period: 40,000. Cumulative number of shares delivered under such instruments as of the end of the current third-quarter accounting period: 4,000,000. Cumulative funds raised under such instruments as of the end of the current third-quarter accounting period: ¥5,549 million.」
All of the First Series Subscription Rights to Shares were exercised, 4,000,000 shares were delivered cumulatively, and funds raised totaled ¥5,549 million. The maximum allotment of 4 million shares announced in the previous quarter was exercised in full, completing the capital raising. - FY2021-Q2First statedAnnual report
「The following subscription rights to shares were issued during the current second-quarter consolidated accounting period. Class, description and number of shares underlying the subscription rights to shares: Common shares, 4,000,000. Exercise period: from 17 September 2020 to 29 September 2023.」
Subscription rights to shares with an exercise-price adjustment clause were issued in September 2020, covering up to 4 million shares, with an initial exercise price of ¥1,691 and an exercise period from 17 September 2020 to 29 September 2023. During the second quarter, 2,511 rights were exercised, representing 251,100 shares and ¥320 million in funds raised.