Orchestra Holdings Inc.
Sharing Innovations: Overview of Complete Subsidiary Acquisition
Through the share swap, Sharing Innovations becomes a wholly owned subsidiary of OH. The number of issued shares for the exchange is 510,791 shares, with no new shares issued as consideration using treasury shares, and remaining treasury shares after the issuance are 182,041 shares. The group will pursue optimization of the DX business and resource integration, aiming to accelerate decision-making.
Key Figures
- Issued shares for exchange: 510,791 shares
- Post-allocation remaining treasury shares: 182,041 shares
- Share exchange ratio: SI 1 share = OH 0.478 shares
- Treasury shares held: 692,832 shares
- Average price: 938 yen
AI要約
Background and purpose
This scheme aims to fully consolidate Sharing Innovations as a subsidiary to optimize the DX business within the group, enabling mutual resource utilization and faster decision-making. Notably, no new shares will be issued, and past treasury shares will be used as consideration.
Details and schedule
Key conditions of the share exchange are: SI 1 share = OH 0.478 shares, issued shares for exchange 510,791 shares, remaining treasury shares after allocation 182,041 shares, no new share issuance. The schedule aligns with SI’s Extraordinary General Meeting on 10/26, SI’s final trading day on 11/25, SI delisting on 11/26, and the share exchange effective date on 11/30.
Orchestra Holdings Co., Ltd.
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