Non-voting Class A shares and the right to demand acquisition in exchange for common shares
First written in FY2019-Q2. 6 of 8 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2025-H1.
0 other companies' latest entry also says "Advanced".
- FY2025-H1AdvancedAnnual report
「Class A shares 464,077」
While exercise of the right to demand acquisition of common shares as consideration for the Class A shares progressed, 464,077 Class A shares remained outstanding as of 30 April 2025. - FY2025-H1AdvancedAnnual report
「1 November 2024–30 April 2025 (Note 1) 4,529,800 117,142,494 … (Note 1) Increase resulting from the exercise of the acquisition right attached to the Class A shares」
The exercise of the acquisition right attached to the Class A shares increased the number of common shares by 4,529,800 during the current interim accounting period. In addition, 464,077 Class A shares remain outstanding. - FY2024AdvancedAnnual report
「Increase resulting from the exercise of the acquisition right attached to the Class A shares: 75,712,500 shares」
The exercise of the right to demand acquisition of common shares as consideration for the Class A shares increased the number of common shares by 75,712,500. - FY2023-Q3AdvancedAnnual report
「As of 28 August 2023, holders of part of the Class A shares issued by the Company, TOMODACHI INVESTMENT LP, US/JAPAN BRIDGE FINANCE LP and MAJOR LERCH LP, exercised their right to demand acquisition for common shares as consideration (the “Exercise”). (2) Number of Class A shares subject to the Exercise: 2,434,345 shares (3) Class A shares not yet exercised: 1,163,255 shares (4) Increase in common shares resulting from the Exercise: 246,185,309 shares」
The right to demand acquisition of common shares as consideration for the Class A shares was exercised in practice, with an increase of 246,185,309 common shares scheduled as of 28 August 2023. - FY2021-Q2AdvancedAnnual report
「29 March 2021 (Note) 105,308,112 404,641,881 — 1,287,878 — 837,878 (Note) Increase resulting from the exercise of the acquisition right attached to the Class A shares」
The filing states that 105,308,112 common shares increased on 29 March 2021 following the exercise of the acquisition right attached to the Class A shares. The right to demand acquisition of common shares as consideration for the Class A shares was exercised in practice. - FY2020ReframedAnnual report
「Because the Class B shares carry a right to demand acquisition for common shares as consideration and an acquisition provision, the number of common shares outstanding may increase if the class shares are converted into common shares in the future. This could dilute the value of the shares and affect the market price of the common shares.」
In addition to the existing terms of the Class A shares, the Class B shares were also given a right to demand acquisition for common shares as consideration and an acquisition provision, and the conversion conditions were disclosed. - FY2019-Q3AdvancedAnnual report
「The terms of the Class A shares are as follows. 2. Dividends: No dividends will be paid. 3. Voting rights: The shares carry no voting rights at general meetings of shareholders.」
The previously disclosed planned Class A shares were issued in practice, with the terms finalized as non-dividend-paying and non-voting shares carrying a right to demand acquisition for common shares as consideration. - FY2019-Q2First statedAnnual report
「The Class A shares carry no voting rights and are not subject to transfer restrictions. They carry a right to demand acquisition for common shares as consideration, which may be exercised at any time at an acquisition price of ¥0. They do not carry a right to demand acquisition for cash consideration.」
The planned Class A shares are non-voting and have no transfer restrictions. The right to demand acquisition for common shares as consideration, at an acquisition price of ¥0, may be exercised at any time, while no right to demand acquisition for cash consideration is attached.