Nippon Seiro Abandons Part of Warrant Following Early Debt Repayment

TOKYO, Jul 31 (Pulse News Wire) – Nippon Seiro CO.,LTD. (5010.T) announced that it completed an early repayment of part of its capital-subordinated loan on October 24, 2023, which led to the abandonment of five warrants previously issued to Japan Industrial Solutions, a limited liability partnership.

As a result, the total number of outstanding warrants decreased from 15 to 10. Key details of the abandoned warrants include: - Issuance date: October 24, 2023 - Exercise price: ¥106 - Number of warrants abandoned: 5 - Remaining warrants post-abandonment: 10 - Abandonment date: July 31, 2026 This warrant abandonment does not impact the company's performance. The warrants were originally issued to secure the interests of the lender during the term of the subordinated loan agreement.

Under the terms of the warrant subscription contract, exercising these warrants would have converted into debt obligations based on the principal amount of the loan plus accrued interest. The company believes this action poses no significant disadvantage or inconvenience. Further details on the debt repayment and loan specifics can be found in the previous announcement dated July 1, 2026.