TOKYO, Jun 03 (Pulse News Wire) – Dentas CO.,LTD. (6174.T) resolved today to seek shareholder approval at its upcoming annual general meeting scheduled for June 26, 2026, for issuing shares below market price through a private placement.
The resolution follows the company's assessment that such flexibility is necessary for timely fundraising amid changing market conditions. Under the proposed plan, Dentas would authorize its board to determine the specifics of share issuance within certain parameters. Key points include: - Issue up to 80,000 ordinary shares. - Set a minimum subscription price per share of ¥1,000.
- Utilize a private placement method for issuance. - Allow the board to finalize details related to the offering and allocation. This approach aims to ensure flexible and efficient capital raising while safeguarding against unduly low pricing that could harm shareholders' interests. The company believes setting a reasonable price based on its financial condition and past performance, specifically a minimum subscription price of ¥1,000 per share, aligns with long-term shareholder benefits.
Should the proposal gain approval, Dentas plans to execute the share issuance within one year of the AGM, adhering strictly to the outlined framework.
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