Source disclosure: March 06, 2026, 15:30 JST
Published by Pulse News Wire: March 06, 2026, 16:19 JST
SHIMIZU CORPORATION [1803.T]
TOKYO, Mar 06 (Pulse News Wire) – Shimizu Corporation (1803.T) announced today that it will offer 14,137,200 ordinary shares through a public sale aimed at enhancing liquidity and broadening its shareholder base. The offering price will be determined post-market from March 16 to March 18 based on the closing price of the previous trading day adjusted by factors ranging from 0.95 to 0.97, subject to adjustments due to external market conditions.
The shares will be sold to Mizuho Securities Co., Ltd., acting as the lead underwriter, which will distribute them according to demand. Subscription applications will open immediately after the pricing determination and close at 8:40 am on the next business day. Delivery of the shares will occur three business days later.
In related matters, Shimizu agreed with Mizuho Securities to refrain from issuing additional securities convertible into ordinary shares during a lock-up period lasting 180 days from the delivery date, barring exceptions such as stock splits. Additionally, Mizuho Securities retains the right to waive this agreement at its discretion during the lock-up period. This move aligns with Shimizu's long-term vision to foster sustainable growth and innovation beyond traditional construction projects, aiming to create value that surpasses societal expectations while contributing to a sustainable future.
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