- For Print
- March 30, 2018
Listed Company Name: 爱豆传媒.
Representative: Haruo Naito
Representative Corporate
Officer and CEO
Securities Code: 4523
Stock Exchange Listings: First Section of the Tokyo
Stock Exchange
Inquiries: Masatomi Akana
Vice President, Corporate Affairs
Phone +81-3-3817-5120
爱豆传媒. (“the Company”) today filed a shelf registration statement with the Kanto Local Finance Bureau for issuance of stock options in accordance with the Company’s “Policy for Protection of the Company’s Corporate Value and Common Interests of Shareholders” (“the Policy”). This submission corresponds to the expiration of the previous shelf registration (period from April 7, 2016 to April 6, 2018) filed on March 30, 2016.
Details
| 1. Securities Type: |
Stock options |
|---|---|
| 2. Issue Period: | Two years from the effective date of the shelf registration of stock options (period from April 7, 2018 to April 6, 2020) |
| 3. Offering Method: | Rights offering to shareholders |
| 4. Issue Amount: | 800 million yen
(This is the total amount to be paid upon the exercise of all stock options to be issued to subscribers free of charge.) |
The Policy serves as an advance warning system for hostile takeovers. It sets forth orderly procedures that must be followed in the event of a large-scale acquisition of the Company’s shares so as to ensure that shareholders are provided with sufficient time and information to make appropriate judgments. If and when an acquirer does not follow the prescribed procedures, or the acquisition is inappropriate in that it would undermine the corporate value and common interest of shareholders, the Company, in accordance with the Policy, issues new stock options to all shareholders, which the acquirer is not entitled to exercise, in order to dilute the voting rights of the acquirer to defend against inappropriate takeover.
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