Convano Inc.
Convano Inc. Notice Regarding Release of Lock-up on Shares of Consolidated Subsidiary Axelmark
Resolved to release the lock-up on shares of consolidated subsidiary Axelmark. No change to holding policy as parent company, with the aim of enhancing corporate value over the medium to long term. Post-release, sales, transfers or lending will be possible; disposal policy will be considered taking into account liquidity and market impact. No direct impact on the fiscal year ending March 2027 results.
Key Figures
- Market value of the shares: approx. 3.5 hundred million yen
- Total acquisition cost: 9,000,000,000 yen
- 45,000,000 shares
AI要約
Key Points of the News
By agreement as of today, Convano Inc. resolved to release the lock-up on shares of its consolidated subsidiary Axelmark. As the parent company, there is no change to the holding policy premised on enhancing corporate value over the medium to long term. After the release, sale, transfer, or lending will become possible, but disposals will be considered appropriately taking market impact into account.
Outlook and Impact
Convano Inc. announced that the release itself will not have a direct impact on consolidated results for the fiscal year ending March 2027. The company assesses that this may contribute to improvement of Axelmark's financing environment. Convano Inc. will continue timely disclosure in compliance with laws and regulations.
Convano Inc.
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