Image Information Inc.
Notice on Issuance of Paid Stock Options with Mandatory Exercise Conditions (1st Series of Stock Acquisition Rights)
Following a capital and business alliance with the Cybridge Group aimed at enhancing corporate value, paid stock options with mandatory exercise conditions will be issued to directors and employees. The exercise price is 707 yen, the trigger level for mandatory exercise is 354 yen, the total number of options is 3,373, allocated to 2 directors and 2 employees, with expected dilution of approx. 9.97% (maximum 10.17%). Exercise period is 2027/10/16–2031/10/15. Fundraising is expected to be about 267 million yen, to be used for working capital and M&A. Impact on this fiscal year’s results is expected to be minor.
Key Figures
- Total number of stock acquisition rights: 3,373 units
- Number of shares granted: 337,300 shares
- Exercise price: 8,615 yen (payment amount per unit)
- Total payment amount: 26,729,495 yen (estimated net proceeds after issuance expenses: 266,479,495 yen)
- Exercise period: 2027-10-16〜2031-10-15
AI要約
Overview of Issuance of Stock Acquisition Rights
The Company resolved to issue paid stock options with mandatory exercise conditions by third-party allotment. The exercise price is the closing price immediately prior to the issue date, 707 yen; the mandatory exercise trigger level is 354 yen (if it falls below by more than 50%), determined based on the 20 trading-day average. Assignees are 2 directors and 2 employees, total number is 3,373 units, granted shares are 100 shares per unit, and dilution is approximately 9.97% (maximum 10.17%) relative to the current total number of issued shares.
Use of Proceeds and Future Impact
Estimated proceeds are approximately 267 million yen, to be allocated to working capital and M&A funding. Disbursement timing is after the allotment date, and actual payments depend on the exercise decisions for the stock acquisition rights. The impact on consolidated results for this fiscal year is expected to be minor, and the measure represents a commitment to enhance corporate value to maintain listing.
Image Information Inc.
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