Financing through stock acquisition rights with adjustment clauses for the exercise price
First written in FY2018-Q3. 1 of 3 entries say "Advanced", first in FY2018. Latest entry: FY2019.
24 other companies' latest entry also says "Achieved".
- FY2019AchievedAnnual report
「The Company believes that the funds required for the large-scale investments anticipated at this stage have been largely secured through the funds raised by the second series of stock acquisition rights, and that it has achieved its objective to a certain extent of securing funds for medium- to long-term growth while strengthening its financial base.」
The Company stated that the funds required for large-scale investments had been largely secured through the second series of stock acquisition rights, and ended the fundraising program by acquiring and cancelling the remaining 10,000 third-series stock acquisition rights. - FY2018AdvancedAnnual report
「During the fourth quarter accounting period and the 38th fiscal year, stock acquisition rights attached to bonds with stock acquisition rights and other instruments containing exercise price adjustment clauses were exercised as follows.」
30,000 stock acquisition rights were exercised, 6,000,000 shares were delivered and ¥13.815 billion was raised. The fundraising intended for growth investments and other purposes moved into the execution stage. - FY2018-Q3First statedAnnual report
「The number of shares underlying these stock acquisition rights has been determined as 3,000,000 shares for the second series of stock acquisition rights and 1,000,000 shares for the third series. Each stock acquisition right represents 100 underlying shares.」
The Company issued the second and third series of stock acquisition rights, with exercise periods from 5 January 2018 to 30 December 2020. The exercise price was adjusted based on 92% of the Tokyo Stock Exchange closing price, and the minimum proceeds if all rights were exercised were approximately ¥9.197 billion for the second series and approximately ¥3.066 billion for the third series.