Source disclosure: February 16, 2026
TOKYO ENERGY & SYSTEMS INC. [1945.T]
TOKYO, Feb 16 (Pulse News Wire) – Tokyo Energy & Systems Inc. (1945.T) announced plans to sell shares through a public offering aimed at enhancing liquidity and diversifying shareholder base.
The decision was made during a board meeting held . Under the primary share sale, Tokyo Electric Power Co. will sell up to 2,695,700 ordinary shares at a price determined on or after February 25, 2026, based on the closing price of Tokyo Energy & Systems' stock on the Tokyo Stock Exchange. The final price will range from 0.90 to 1.00 times the closing price, rounded down below ¥1. Additionally, there will be an over-allotment option allowing Mizuho Securities to borrow up to 404,300 shares from Tokyo Electric Power Co.
For resale. Following the completion of the sales, Tokyo Electric Power Co. will retain more than 18.0% percent of voting rights, maintaining its status as a significant shareholder. The company emphasized that the relationship with Tokyo Electric Power Group remains unchanged, and both entities will continue their close collaboration towards sustainable corporate value enhancement. A lock-up agreement restricts major shareholders from selling additional shares for 180 days post-offering, subject to certain exceptions.
Mizuho Securities retains discretion to modify or terminate this agreement during the lock-up period.
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