June 23, 2022
FOR IMMEDIATE RELEASE
Company Name: Polaris Holdings Co., Ltd.
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）
Star Asia Group Exercises Stock Acquisition Rights
Polaris Holdings Co., Ltd. has received an exercise notice today from Star Asia Opportunity III LP that it has exercised Stock Acquisition Rights ("SARs") totaling JPY900 million. These SARs were part of the third- party allotment equity capital raise successfully completed in November 2021.
Details are as follows:
1. Outline
(i) | Name of Stock Acquisition Rights | Polaris Holdings Co., Ltd. 1st Series of Stock |
Acquisition Rights 2021 | ||
(ii) | Date of exercise | June 23, 2022 |
(iii) | Right holder of exercise | Star Asia Opportunity Ⅲ LP |
Number of exercised | 104,652 | |
(iv) | (Cumulative number of exercised: 104,652) | |
(Number of remaining after exercise: 137,150) | ||
(v) | Number of shares to be issued | 10,465,200 shares |
(vi) | Total Exercise Price | JPY900,007,200 |
Changes in the number of shares issued and capital stock as a result of the exercise of these stock acquisition rights
Before | Changed | After | ||||
(i) | Number of Issued shares | 91,576,389 shares | +10,465,200 shares | 102,041,589 shares | ||
(ii) | Capital stock | 1,829,802,500 JPY | +450,997,794 | JPY | 2,280,800,294 | JPY |
(iii) | Legal capital surplus | 1,731,843,250 JPY | +450,997,794 | JPY | 2,182,841,044 | JPY |
NOTE: This is an English translation summary of the Company's announcement in Japanese. No assurances or warranties are given for completeness or accuracy of this English translation summary.