Company name: Sosei Group Corporation Listing: Tokyo Stock Exchange
Security code: 4565 URL http://www.sosei.com/
Representative: Shinichi Tamura
Representative Executive Officer, CEO
Contact person: Hidetoshi Torami
Executive Vice President, CFO Tel: +81-03-5210-3290
Sosei Group Corporation (the “Company”) hereby announces that, relating to the issuance of new shares of its common stock by way of public offering as resolved at the meeting of the board of directors on 1 September 2015, the number of new shares to be issued has been determined upon the exercise of the option to purchase additional newly issued shares of common stock granted to the Underwriter in connection with sales to overseas investors as a part of the Public Offering, as set forth below.
Number of shares to be issued upon the exercise of the option granted to the Underwriter in connection with sales to overseas investors as a part of the Public Offering: 82,500 shares
1. Number of Shares to be offered by way of Public Offering
2,282,500 shares of common stock of the Company which is the sum of (i) and (ii) below:
(i) 2,200,000 shares of new shares of common stock of the Company to be underwritten by the Underwriter in the Public Offering.
(ii) 82,500 shares of common stock of the Company which will be additionally issued pursuant to the option to purchase which was granted to the Underwriter in connection with sales to overseas investors as a part of the Public Offering.
In total 709,100 shares which is the sum of (x) 626,600 shares as part of the offered shares mentioned in (i) above and (y) 82,500 shares of the offered shares mentioned in (ii) above will be sold by companies related to the Underwriter to overseas investors in overseas markets such as Europe and Asia (but excluding the United States and Canada).
2. Use of Proceeds to be Raised
The proceeds from the Public Offering and the Issuance of New Shares by way of Third-Party Allotment, sum of which are estimated to be JPY 8,685,722,800 at maximum amount, are scheduled to be applied towards repayment of short-term loans related to the acquisition of Heptares.