Debt-to-equity swap through a third-party allotment of Class A shares
First written in FY2019-Q2. 1 of 2 entries say "Achieved", first in FY2019-Q3. Latest entry: FY2019-Q3.
2 other companies' latest entry also says "Achieved".
- FY2019-Q3AchievedAnnual report
「3 July 2019 (Note 2) 4,640,771 194,333,169 — 1,287,878 — 837,878 336,455 955,065 336,455 505,065」
On 3 July 2019, the Company conducted a private placement of 4,640,771 Class A shares to MAJOR LERCH LP, TOMODACHI INVESTMENT LP and US/JAPAN BRIDGE FINANCE LP, completing a debt-to-equity swap worth ¥672,911,795. - FY2019-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 13 May 2019, the Company resolved to issue Class A shares through a private placement to MAJOR LERCH LP, TOMODACHI INVESTMENT LP and US/JAPAN BRIDGE FINANCE LP. It also resolved to submit the proposed issue of Class A shares through a private placement to the extraordinary general meeting of shareholders scheduled for 2 July 2019 and to the class meeting scheduled for the same day comprising shareholders holding the Company's common shares. Outline of the offering for the issue of Class A shares through a private placement: (1) Payment date: 3 July 2019; (2) Number of new shares to be issued: 4,640,771 Class A shares; (3) Issue price: ¥145 per share; (4) Total issue price: ¥672,911,795. The full amount will be paid through an in-kind contribution, by means of a debt-to-equity swap.」
The Company resolved to conduct a private placement of 4,640,771 Class A shares to 3 parties and stated plans to carry out a debt-to-equity swap on 3 July 2019, through which loan receivables worth ¥672,911,795 would be contributed in kind. The transaction is conditional on approval by the general meeting of shareholders and other meetings.