Sanden Corporation
Notice regarding the determination of issue price, etc., for the issuance of new shares through third-party allocation
Decided to issue new shares through a third-party allocation. Number of issued shares: 510,000 shares; issue price: 197 yen; funds raised: 100,470,000 yen; payment date: September 29. Purpose of use: working capital funding; funds use: incentivization for employees. Estimated issuance costs: 5,900,000 yen; net proceeds: 94,570,000 yen.
Key Figures
- Number of issued shares: 510,000 shares (29 employees: 405,000 shares; 4 overseas subsidiary employees: 105,000 shares)
- Issue price: 197 yen/share
- Amount of funds raised: 100,470,000 yen
- Estimated issuance costs: 5,900,000 yen
- Estimated net proceeds: 94,570,000 yen
AI要約
Section heading
This press release clearly states the condition date for the issuance of new shares through a third-party allocation, the募集の概要 (offering overview), payment date, number of issued shares, issue price, amount of funds raised, use of proceeds, and estimated costs. Shares will be allocated to employees and overseas subsidiaries' employees, with the primary objective of incentivizing achievement of group performance and enhancing corporate value; the purpose is not to raise funds. The issue price was determined as 197 yen, the higher of the closing price on the preceding交易日 and the条件決定日.
Second section heading
Regarding the use of funds, the net proceeds are to be allocated to working capital and will be managed in a bank account until actual disbursement. For the offering, 405,000 shares will be allocated to 29 employees, and 105,000 shares to 4 overseas subsidiary employees. The payment date is September 29, 2026, and the amount is determined based on a proper decision process during the period between the payment decision date and the条件決定日.
Sanden Stock Company
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