Source disclosure: March 05, 2026, 15:30 JST
Published by Pulse News Wire: March 05, 2026, 15:44 JST
ARE Holdings,Inc. [5857.T]
TOKYO, Mar 05 (Pulse News Wire) – ARE Holdings,inc. (5857.T) completed the exercise of its third tranche warrant on March 05, 2026.
The warrants were issued on March 16, 2026, as part of a funding scheme detailed in a previous disclosure dated February 25, 2021. All warrants were exercised by holders of the Euro-dollar denominated guaranteed exchangeable bonds issued by the company's subsidiary, Asahi Refining USA Inc. Under this scheme, 2,000 warrants were exercised, resulting in the issuance of 9,315,314 shares, including 2,170,468 treasury shares. The total exercise value amounted to.
The warrants were exercised by Maple General Partnership, a special purpose assignee. In addition, the conversion of the face value Euro-dollar guaranteed exchangeable bonds into ordinary shares is scheduled to be finalized. The bonds, which mature on March 16, 2026, were fully converted upon the completion of the warrant exercise. This transaction marks the successful execution of ARE Holdings' strategic financing plan, aligning with their long-term growth objectives.
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