ARE Holdings, Inc.
Notice Regarding Completion of Exercise of the 3rd Series Stock Acquisition Rights
On March 5, 2026, 2,000 units of the 3rd series stock acquisition rights were exercised, resulting in the issuance of 9,315,314 shares (including 2,170,468 shares of treasury stock), with a total exercise price of 200 million US dollars.
Key Figures
- Number of stock acquisition rights exercised: 2,000 units
- Number of shares issued: 9,315,314 shares (including 2,170,468 shares of treasury stock)
- Total exercise price: 200,000,000 US dollars
AI要約
Regarding Completion of Exercise of Stock Acquisition Rights
ARE Holdings Corporation announced that the 3rd series stock acquisition rights issued on March 15, 2021, were fully exercised on March 5, 2026. Consequently, 9,315,314 common shares were issued, of which 2,170,468 shares are treasury stock. The total exercise price amounted to 200 million US dollars. This exercise was due to the exercise of exchange rights by holders of the 2026 maturity Euro-USD-denominated guaranteed exchangeable bonds issued by Asahi Refining USA Inc., a consolidated subsidiary.
Overview of Funding Scheme
The funding scheme utilizing these stock acquisition rights and exchangeable bonds is detailed in the 'Notice Regarding Issuance of Stock Acquisition Rights by Third-Party Allotment' published on February 25, 2021. With the completion of this exercise, the conversion to common shares under this scheme has been finalized and the funding has been executed. The redemption date is March 16, 2026, and future fluctuations in share count and impacts on capital policy will be closely monitored.
