Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect, or any other forms of damages arising from this translation.
February 24, 2022
To Whom It May Concern,
Company name: Valuence Holdings Inc.
Representative: Shinsuke Sakimoto, Representative Director
(Securities Code: 9270; TSE Mothers)
Contact:Shinichiro Sato, Director and CFO
(Phone +81-3-4580-9983)
Announcement Concerning Cancellation of Stock Acquisition Rights (Stock Options)
Valuence Holdings Inc. (the "Company") announces that the Company passed a resolution concerning the cancellation of a portion of stock acquisition rights at a Board of Directors meeting held today. Please refer to the details below.
1. Summary of the stock acquisition rights to be cancelled
(1) | Name of the stock acquisition | 3rd series of stock | 4th series of stock |
rights | acquisition rights | acquisition rights | |
(2) | Total number of remaining | 4,564 units | 1,682 units |
stock acquisition rights | |||
(3) | Class and number of shares | 45,640 shares of the | 168,200 shares of the |
underlying the remaining stock | Company's common stock | Company's common stock | |
acquisition rights | (10 shares per stock | (100 shares per stock | |
acquisition right) | acquisition right) | ||
(4) | Value of assets for exercising | 450 yen per share | 4,605 yen per share |
the stock acquisition rights | |||
(5) | Number of the stock | 2 units | 192 units |
acquisition rights to be | |||
cancelled | |||
(6) | Date of cancellation | February 24, 2022 | February 24, 2022 |
(7) | Number of the stock | 4,562 units | 1,490 units |
acquisition rights to remain | |||
after the cancellation | |||
1
.
2. Reason for cancellation of the stock acquisition rights
Upon the retirement of persons eligible to receive the 3rd series of stock acquisition rights and the 4th
series of stock acquisition rights already issued by the Company, the Company acquired a portion of the remaining stock acquisition rights without consideration and held them as treasury stock acquisition rights under the Company's name. However, the Company has no intention to exercise the treasury stock acquisition rights, and has therefore cancelled these stock acquisition rights.
3. Effect on financial results
The above will have no effect on the consolidated financial results of the Company Group.
2