TOKYO, Mar 26 (Pulse News Wire) – Toda Corporation (1860.T) has determined the conditions for the issuance of its first tranche subscription warrants based on the results of the buyback conducted through the Tokyo Stock Exchange's TO-STNET-3 system on March 26. The issuance follows a resolution made at the board meeting held on March 25, 2026.
Key details of the warrant issuance include: - Potential number of shares: 4,651,100 (maximum limit) - Calculation method for delivery share count: - Base share count: 4,651,100 - Reference amount: March 26, 2026 - Average stock price: Calculated as the arithmetic mean of VWAP prices from March 27, 2026, up to but excluding the trading day immediately preceding the exercise request date, multiplied by 101.4%. Exclusions apply for days affected by market disruptions as defined in the warrant issuance terms.
Additionally, adjustments will be made for dividends paid during the same period, calculated based on the ex-dividend date to October 14, 2026, and normalized against the total trading days from March 27, 2026, to October 14, 2026. This press release pertains solely to the public announcement of the conditions for the issuance of the first tranche subscription warrants and does not constitute investment advice or similar promotional activities.
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