NIPPON CHEMI-CON CORPORATION [6997.T]
TOKYO, May 27 (Pulse News Wire) – NIPPON CHEMI-CON CORPORATION (6997.T) exercised share conversion rights granted to B-type shareholders, converting 729 B-type shares into ordinary shares on May 27, 2026. As a result, the company will deliver 800,197 ordinary shares to the exercising shareholder, Japan Industrial Solutions Third Investment Limited Partnership.
Prior to the exercise, the company had 26,688,516 ordinary shares outstanding. Following the conversion, the number of ordinary shares will increase to 27,488,713, reflecting a net addition of 800,197 shares. Additionally, the company's capital structure will undergo changes. A-type shares, which totalled 10,000 prior to the exercise, will remain unchanged at 10,000 shares post-exercise.
Meanwhile, B-type shares, previously numbering 459, will decrease by 729 shares due to the conversion process. It should be noted that neither A-type nor B-type shares carry voting rights. Furthermore, the B-type shares converted through this exercise will be extinguished. For more detailed information on the A-type and B-type shares, interested parties are advised to review previous disclosures dated October 10, 2023, and December 27, 2023.
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