TOKYO, Jun 02 (Pulse News Wire) – Calbee,inc. (2229.T) completed its accelerated share repurchase (ASR) adjustments today.
As a result of the third tranche exercise by Daiwa Securities Co., Ltd., the final number of shares acquired through the ASR process was determined. The total number of shares effectively acquired includes those purchased via ToSTNeT-3 on November 25, 2025, which amounted to 3,322,100. After deducting the shares delivered to Daiwa Securities, the net acquisition stands at 64,200. The aggregate amount spent on acquiring these shares remains unchanged from the initial purchase price of ¥10 billion on November 25, 2025.
Details of the adjustment transaction are as follows: (1) Average stock price: Calculated based on the simple average VWAP from November 26, 2025 to June 1, 2026, multiplied by 99.85%. (2) Benchmark amount: Equal to the sale proceeds received by Daiwa Securities from selling CALBEE common shares during the off-market buyback conducted on November 25, 2025. (3) Benchmark share count: Number of shares bought back from Daiwa Securities during the off-market buyback on November 25, 2025. (4) Adjustment share count: Determined by subtracting the benchmark amount divided by the average stock price from the benchmark share count.
(5) Adjustment method: Issuance of shares upon exercise of subscription rights.
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