TOKAI CARBON CO.,LTD. [5301.T]
TOKYO, May 14 (Pulse News Wire) – Tokai Carbon CO.,LTD. (5301.T) announced today that the conditions for its first series of rights issues aimed at repurchasing shares through a commitment-type share buyback (FCSR) have been finalized based on the results of the off-market trading session conducted on May 14 at the Tokyo Stock Exchange (ToSTNeT-3).
The decision was made during a board meeting held on May 13, 2026. Key details of the issuance include: - Potential number of shares: up to 11,210,700 shares (maximum limit) - Number of shares delivered upon exercise: calculated as (i) acquired shares minus (ii) average price acquisition shares - Calculation method: - (i) Acquired shares amount to 11,210,700 - (ii) Average price acquisition shares are determined according to the formula below: - Average stock price acquisition amount divided by average stock price equals average price acquisition shares - The average stock price is derived from Bloomberg L.P.'s 5301_JT Equity AQR screen (or equivalent service) showing the volume-weighted average price (VWAP) of ordinary transactions of the company's common stock during the calculation period from May 15, 2026, to the day before the exercise date, multiplied by 100.176% For more detailed information, refer to the press release dated May 13, 2026, titled “Announcement Regarding Share Repurchase and Off-Market Trading Session Buyback (Based on Company Law Article 165 Paragraph 2 Provisions)” and the company’s electronic bulletin.
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