TOKYO, May 29 (Pulse News Wire) – Toho Zinc CO.,LTD. (5707.T) announced today that a portion of its A-type preferred shares will be converted into ordinary shares effective June 4, 2026.
The conversion request was made by investment funds AdvantEdge Partners VII, APCP VII, CJIP(AP) VII, JBO(AP) VII, AP Reiwa F7-A, and AP Reiwa F7-B (collectively referred to as “AP Funds”). Under the conversion, a total of 1,477,504 ordinary shares will be delivered. Prior to the conversion, the AP Funds held 579,660 A-type preferred shares, which will now decrease to 306,971 shares post-conversion.
Additionally, 122,141 A-type preferred shares will be converted into ordinary shares. In a statement, Toho Zinc confirmed that the decision to proceed with the conversion was based on the judgment by the AP Funds that such a step would be optimal in supporting the company's restructuring plan. The AP Funds also indicated their intention to continue holding ordinary shares moving forward.
The company stated that it had engaged in extensive discussions with the AP Funds regarding the optimal capital structure but concluded that the conversion was the best option at this time.
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