On the 13th, Metaplanet announced the issue of approximately ¥52.0 billion of euro-yen-denominated convertible bonds and a share buyback, sending its share price temporarily 5.3% higher.
Metaplanet’s share price temporarily reached ¥275 during trading on the 13th, approximately 5.3% above the previous day’s close. The news relates to the company’s simultaneous announcement of a convertible bond issue and a share buyback.
The bonds, described as bonds with stock acquisition rights (convertible bonds), are euro-yen-denominated and valued at approximately ¥52.0 billion. The issue was presented to the market as part of the company’s future capital policy. Details concerning the treatment of the total number of issued shares excluding treasury shares are provided in the article.