English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 8 October 2021, 16:00 JST
Share:
    

Source: Showa Denko K.K.
Showa Denko Announces Number of Shares to be Issued under Third-Party Allotment

TOKYO, Oct 8, 2021 - (JCN Newswire) - Showa Denko K.K. (SDK; TSE:4004) hereby announces that, in connection with the issuance of new shares by way of the Third-Party Allotment, which its board of directors resolved on August 23, 2021 concurrently with the resolution on the issuance of new shares by way of public offering and the secondary offering of shares (secondary offering by way of over-allotment), the Company has received a notice from the allottee that it will subscribe for all of the shares which were scheduled to be issued, as set forth below:

(1) Number of shares to be issued: 2,524,500 shares (Number of shares scheduled to be issued: 2,524,500 shares)
(2) Total amount to be paid in: 5,966,201,340 yen (2,363.32 yen per share)
(3) Amount of stated capital to be increased: 2,983,100,670 yen (1,181.66 yen per share)
(4) Amount of the capital reserves to be increased: 2,983,100,670 yen (1,181.66 yen per share)
(5) Subscription period: October 12, 2021 (Tue)
(6) Payment date: October 13, 2021 (Wed)

Reference

1. The Third-Party Allotment described above was resolved by the Company's board of directors on August 23, 2021 concurrently with the resolution on the issuance of new shares by way of public offering and the secondary offering of shares (secondary offering by way of over-allotment).

For the details of the Third-Party Allotment, please refer to the "Announcement Regarding Issuance of New Shares and Secondary Offering of Shares" announced on August 23, 2021 and the "Announcement Regarding Determination of Issue Price, Selling Price, etc." announced on September 6, 2021.

2. Change in the total number of issued shares as a result of the Third-Party Allotment

Total number of issued shares at present: 182,376,792 shares (As of October 8, 2021)
Increase in number of shares as a result of the Third-Party Allotment: 2,524,500 shares
Total number of issued shares after the Third-Party Allotment: 184,901,292 shares

3. Use of proceeds raised this time

With respect to the net proceeds of 5,930,201,340 yen from the Third-Party Allotment, together with the net proceeds of 76,453,029,460 yen from the Japanese Public Offering and the International Offering, the Company intends to use 5,900,000,000 yen as investment funds for manufacturing facilities for high-purity gases for electronics, etc. in chemicals segment and 5,800,000,000 yen as investment funds for manufacturing facilities for SiC power semiconductor-related materials and lithium-ion battery materials, etc. in electronics segment by the end of December 2023, with the remaining amount of approximately 70,600,000,000 yen as investment funds for production facilities for CMP slurries, copper-clad laminates, photosensitive films and rear door modules made of molded resin in Showa Denko Materials segment, as well as improvements to the Packaging Solution Center and increases to the production capacity of regenerative medicine manufacturing bases, etc. by the end of March 2024.

For more information regarding the use of proceeds, please refer to the press release "Announcement Regarding Issuance of New Shares and Secondary Offering of Shares" dated August 23, 2021.

About Showa Denko K.K.

Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, visit www.sdk.co.jp/english/.

Media contact:
Showa Denko K.K., CSR & Corporate Communication Office, Tel: 81-3-5470-3235

Topic: Issue of Stocks/Bonds
Source: Showa Denko K.K.

Sectors: Chemicals, Spec.Chem
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Showa Denko K.K. Related News
2022年8月4日 15時00分 JST
昭和電工、2022年12月期第2四半期決算を発表
Aug 4, 2022 14:00 HKT/SGT
Showa Denko Announces 2022 2Q Consolidated Financial Results
2022年8月3日 15時00分 JST
昭和電工、業績予想の修正に関するお知らせ
Aug 3, 2022 14:00 HKT/SGT
Showa Denko Revises Forecast of Consolidated Performance
2022年8月1日 11時30分 JST
昭和電工、硫酸の国内販売価格改定を発表
More news >>
Copyright © 2022 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575