November 24, 2021
FOR IMMEDIATE RELEASE
Company Name: Polaris Holdings Co., Ltd. ("Polaris" or the "Company")
Representative: Atsuo Umeki, President and Representative Director
Stock Listing: Tokyo Stock Exchange, Second Section
Stock Code: 3010
Inquiries: Satoshi Hosono, Director and CFO (TEL: 03-5822-3010)
Polaris Closes JPY5.9 billion Equity Capital Raise to Further Accelerate its Growth Plan
Polaris is delighted to announce the closing of its strategic equity capital raise through third party allotment which was approved at theBoard of Directors meeting held on Oct. 15, 2021. The Company approved the issuance of Shares and Warrants to the following investors: Star Asia Opportunity III LP (hereinafter referred to as "SAO III"), Four Quadrant Global Real Estate Partners, Hazelview Global Real Estate Fund, EVO FUND, Charlestown Energy Partners LLC, Mr. Malcolm F. MacLean, Mr. Masuyama Taro, Mr. Ryutaro Hashimoto, Mr. Atsuo Umeki, Mr. Satoshi Hosono, and Mr. Yohei Taguchi.(collectively, the "Investors"). At the closing and settlement on November 24, 2021, the Investors were allotted the first stock acquisition right in 2021 and the second stock acquisition right in 2021 were allotted to Deutsche Bank London Branch (hereinafter collectively referred to as "Serires 2021#1 stock acquisition rights" and "Series 2021#2 stock acquisition rights")
For more information on the issuance of the Shares and stock acquisition rights, please refer to the "Notice Regarding New Shares (Total Amount of JPY2.8 billion) and the Issuance of Series 2021#1 stock acquisition rights and Series 2021#2 stock acquisition rights (Total Amount of JPY3.1 billion) through Third-Party Allocation" announced on Oct. 15, 2021, and the Conclusion of Allocation Contracts."
１． Issuance of Shares through Allotment to Third Parties(1)Payment date | Nov. 24, 2021 |
(2)Number of New Shares | 32,557,500 shares |
(3)Issue price | JPY86 |
(4)Total amount paid | JPY2,799,945,000 |
(5)Amount of capital to be increased | JPY1,399,972,500 (JPY43 per share) |
(6)Amount of additional paid-in | JPY1,399,972,500 (JPY43 per share) |
capital to be increased | |
(7)Method of Offering or Allotment | Assigned to the following persons by a third-party allocation method. | |
SAO III | 24,180,200 shares | |
Four Quadrant Global Real Estate Partners | 3,924,400 shares | |
Hazelview Global Real Estate Fund | 1,308,100 shares | |
EVO FUND | 1,162,700 shares | |
Charlestown Energy Partners, LLC | 639,500 shares | |
Malcolm F. MacLean IV | 581,300 shares | |
Taro Masuyama | 581,300 shares | |
Ryutaro Hashimoto | 58,100 shares | |
Joseph Altwasser | 58,100 shares | |
Atsuro Umeki | 23,200 shares | |
Satoshi Hosono | 23,200 shares | |
Yohei Taguchi | 17,400 shares | |
third-party allotment>
(1)Number of shares outstanding before capital increase
(2)Increase in number of shares due to capital increase
(3)Total number of issued shares after capital increase
２． Issuance of stock acquisition rights by Allocation to a Third Parties(1) | Allocation Date | Nov. 24, 2021 | |
Total of 363,576 (100 common shares per stock acquisition rights) | |||
Number of stock acquisition | Series 2021#1 stock acquisition rights: 325,575 units. | ||
(2) | (100 common shares per stock acquisition rights) | ||
rights issued | Series 2021#2 stock acquisition rights: 38,001 units. | ||
(100 common shares per stock acquisition rights) | |||
(3) | Issue price | Total of JPY0 | |
From such issuance | 36,357,600 shares | ||
(4) | Series 2021#1 stock acquisition rights: 32,557,500 shares | ||
Potential dilution | |||
Series 2021#2 stock acquisition rights: 3,800,100 shares | |||
Total of JPY3,126,753,600 | |||
(Breakdown) | |||
Series 2021#1 stock acquisition rights | |||
(5) | Amount of financing | Issuance of stock acquisition rights JPY0 | |
Stock acquisition rights exercise JPY2,799,945,000 | |||
Series 2021#2 stock acquisition rights | |||
Issuance of stock acquisition rights JPY0 | |||
Stock acquisition rights exercise JPY326,808,600 | |||
Series 2021#1 stock acquisition rights | |||
(6) | Exercise price | JPY86 | |
Series 2021#2 stock acquisition rights | |||
JPY86 | |||
Assigned to the following persons by a third-party allocation method. | |||
Series 2021#1 stock acquisition rights | |||
Solicitation or allotment | SAO III | 241,802 units | |
(7) | Four Quadrant Global Real Estate Partners | 39,244 units | |
(Allotte) | |||
Hazelview Global Real Estate Fund | 13,081 units | ||
EVO FUND | 11,627 units | ||
Charlestown Energy Partners, LLC | 6395 units | ||
Malcolm F. MacLean IV | 5813 units | ||
2 |
Taro Masuyama | 5813 units | ||
Ryutaro Hashimoto | 581 units | ||
Joseph Altwasser | 581 units | ||
Atsuro Umeki | 232 units | ||
Satoshi Hosono | 232 units | ||
Yohei Taguchi | 174 units | ||
Series 2021#2 stock acquisition rights | |||
Deutsche Bank London Branch | 38,001 units | ||
Above |
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