TOKYO, Mar 26 (Pulse News Wire) – Intrance CO.,LTD. (3237.T) announced today that due to its share price falling below the exercise threshold on March 26, 2026: the closing price of its ordinary shares on the Tokyo Stock Exchange was ¥53 on March 23, 2026, triggering the forced exercise of subscription rights granted to directors under the ninth tranche of paid stock options.
The subscription rights, initially granted on February 25, 2025, allow for the issuance of ordinary shares up to a total of 30,000 units at an exercise price of ¥108. The exercise period runs until March 16, 2029. Under the conditions set forth, if the average closing price of the company's ordinary shares over 21 consecutive trading days falls below 60% times the exercise price, the subscription rights holder must exercise all remaining rights by the end of the exercise period.
Should all subscription rights be exercised, the company expects to raise approximately ¥97 million in capital. However, since the exercise condition extends until March 16, 2029, the allocation of funds remains undetermined at this stage. Following the exercise, the total number of outstanding shares would increase to 47,452,784 and the capital would rise to ¥1.493 billion.
Major shareholders' holdings and voting ratios post-exercise are detailed as follows: - SCBHK A/C GF SEC CLIENT A/C 1: __NUM_17% - Contracting Company Inbound Inbound: __NUM_19% - BNP Paribas London Branch for Prime Brokerage Clearance Account for Third Party: __NUM_21% - Worldtex Investment Limited: __NUM_23% - Findstars Group Corporation: __NUM_25% - Rakuten Securities Co., Ltd.: __NUM_27% - SBISecurities Co., Ltd.: __NUM_29% - Interactive Brokers LLC: __NUM_30% - Kamiya Kimiko: __NUM_31% The company will promptly inform stakeholders should any further actions occur related to the exercise of these subscription rights.
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