Source disclosure: January 22, 2026
Premium Water Holdings,Inc. [2588.T]
TOKYO, Jan 22 (Pulse News Wire) – Premium Water Holdings,inc. (2588.T) announced today the conditions for issuing special shares (Class B preferred stock) based on a resolution made on December 11, 2025.
The issuance will involve distributing Class B preferred stock totaling 9,046,070 shares to Kōtsūshō (the allotment recipient). Payment for the shares is set for March 6, 2026, with each share priced at ¥3,056. The total funds raised amount to ¥27.64 billion.
Additionally, the company plans to use the net proceeds of approximately ¥27.53 billion for acquiring its own shares held by Kōtsūshō around March 6, 2026. The issuance requires approval from a special shareholders' meeting scheduled for January 23, 2026, along with amendments to the articles of incorporation related to the new class of shares. The allocation of capital and reserve fund amounts will decrease accordingly, subject to creditor objections which have lapsed without objection.
Further details on the issuance can be found in the supplementary documents titled “Conditions for Issuance of Class B Preferred Stock.”.
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