halmek holdings Co.,Ltd. [7119.T]
TOKYO, Jun 19 (Pulse News Wire) – Halmek Holdings CO.,LTD. (7119.T) resolved at its board meeting on June 19, 2026 to issue subscription rights to its executive officers, employees, and subsidiaries' staff based on Article 236, 238, and 240 of the Companies Act.
The issuance will occur without shareholder approval due to fair pricing. A total of 1,000 subscription rights will be offered, each allowing the holder to purchase up to 100,000 ordinary shares at a price of ¥1,100. Exercise conditions require achieving certain performance targets, specifically operating profit exceeding ¥3 billion during fiscal years 2029 through 2031. Subscription rights expire on July 01, 2029.
The exercise price per share is set at ¥1,630, subject to adjustments based on corporate actions such as mergers, spin-offs, or changes in capital structure. Adjustments also apply if the company issues new shares below market value. The subscription rights grant period runs until June 30, 2035. Additionally, holders must remain employed continuously from the grant date until March 31, 2028, except for valid reasons approved by the board.
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