Shin-Etsu Chemical Sets Conditions for Rights Issue Amid FCSR Share Repurchase

TOKYO, Jul 30 (Pulse News Wire) – Shin-etsu Chemical CO.,LTD. (4063.NG) announced the determination of issuance conditions for its 27th and 28th rights issues aimed at repurchasing shares through a commitment-type self-share buyback (FCSR).

Based on the results of the ToSTNeT-3 trading conducted on July 24, the potential number of shares issuable upon exercise of the rights is set at 32,463,400 (maximum limit). For the 27th rights issue, the number of shares to be delivered upon exercise would be calculated as (16,231,700 - average price acquisition share count), while for the 28th rights issue, it would be (16,231,700 - average price acquisition share count). The average price acquisition share count is derived from the formula: \[ \text{Average Price Acquisition Share Count} = \frac{\text{Self-Share Purchase Amount}}{\text{Average Price}} \] where the self-share purchase amount for the 27th issue is ¥92.36 billion and for the 28th issue is ¥92.36 billion. The average price is determined based on Bloomberg's VWAP data for the company’s ordinary shares during the respective calculation periods from July 31, 2026, to December 10, 2026 and from July 31, 2026, to January 28, 2027.

Additionally, adjustments are made based on cumulative increases in dividend payments since the buyback date up until the day prior to the exercise request date. For the interim dividend in the fiscal year ending March 2027, the increase exceeds ¥53 per share. Adjustment ratios applied are 98.493% for the 27th rights issue and 97.984% for the 28th rights issue. Detailed information can be found in the press releases dated July 24, 2026, and the company's electronic bulletin board.