Tokyo Energy & Systems Inc.
Notice Regarding Offering of Shares
Tokyo Electric Power Holdings, Inc. will conduct an offering of 2,695,700 ordinary shares of our company held by them through an underwriter purchase method, and additionally plan an overallotment offering up to 404,300 shares.
Key Figures
- Number of shares offered (underwriter purchase): 2,695,700 shares
- Number of shares offered (overallotment maximum): 404,300 shares
- Tokyo Electric Power Holdings, Inc.'s shareholding ratio after the offering: 18.0% or more
AI要約
Overview of Capital Policy
Our company has resolved to offer 2,695,700 ordinary shares held by Tokyo Electric Power Holdings, Inc. to diversify our shareholder base and maintain inclusion in the TOPIX index. The offering will be conducted via a purchase underwriting method by a syndicate led by Mizuho Securities Co., Ltd., and the selling price will be determined during the period from February 25 to March 2, 2026. Additionally, depending on demand conditions, an overallotment offering of up to 404,300 shares may be executed.
Impact on Shareholders and Future Outlook
Even after completion of the offering, Tokyo Electric Power Holdings, Inc. will maintain a voting rights-based ownership stake of 18.0% or more and will continue cooperation as an equity-method affiliate. In connection with the offering, Mizuho Securities Co., Ltd. has obtained agreement on a lock-up period of 180 days, aiming to maintain a stable stock market environment. This is expected to improve market liquidity and restructure the shareholder base.
