TOKYO, Jun 26 (Pulse News Wire) – Asian Star Co. (8946.T) resolved to issue two types of subscription warrants—paid stock options to directors and free-of-cost stock options to employees and subsidiary staff—at a board meeting held on June 26, 2026.
The paid stock options aim to enhance long-term performance and corporate value, while the free stock options serve as compensation for duties performed. The issuance includes 1,000 paid stock options and 1,500 free stock options, exercisable until June 10, 2025. Each warrant entitles holders to purchase 100 common shares at a price determined based on the closing price of the company's ordinary shares on June 25, 2026. Exercise conditions require achieving specified operating profit levels during fiscal years ending December 2026 or 2027, and reaching a market capitalization threshold three times the current level. In addition, the exercise of these warrants could increase the company’s outstanding share count by approximately 6.2%.
However, the company believes the issuance size is reasonable considering its strategic goals and contribution to shareholder value. The warrants will not dilute existing shareholders' interests significantly due to the pricing mechanism used. Asian Star Co. also clarified that the exercise of these warrants would not exceed the total number of authorized but unissued shares. Furthermore, the company stated that transferring these warrants requires approval from the board of directors.
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