Press release
Jun 30, 2020

Sosei Announces Determination of the Issuance Terms for its New Shares and Convertible Bonds

Tokyo, Japan – 30 June 2020: Sosei Group Corporation ("Sosei"; TSE Mothers Index: 4565) announces that it has determined the issuance terms and certain other matters for its new shares (the “New Shares”) and Euro-yen denominated convertible bonds due 2025 (the “Bonds”; the stock acquisition rights incorporated therein shall be referred to as the “Stock Acquisition Rights”), the issuance and international offerings of which were resolved at the meeting of its Board of Directors held on 30 June 2020.


1.  Issuance of New Shares through an International Offering (the “Share Offering”)

(1)      Number of New Shares to be Issued:    3,301,400 shares

(2)      Issue Price (Offer Price):                      ¥1,595 per share

(3)      Aggregate Issue Price:                         ¥5,265,733,000

(4)      Amount to be Paid:                              ¥1,531.2 per share

(5)      Total Amount to be Paid:                      ¥5,055,103,680

(6)      Amount of Capital Stock and Capital Reserve Increase

           Amount of capital stock to be increased: ¥2,527,551,840

           Amount of capital reserve to be increased: ¥2,527,551,840

(7)      Closing Date:                                           16 July 2020 (London time)

(Note)    The New Shares are to be underwritten and purchased by the Underwriter at the amount to be paid, and offered at the Issue Price (Offer Price).


2.  Issuance of Euro-yen Denominated Convertible Bonds due 2025 through an International Offering (the “Bond Offering”)

Particulars of the Bonds

(1)         Aggregate Principal Amount:                            ¥16,000,000,000

(2)        Interest Rate:                                                  0.50% per annum on the outstanding principal amount of the Bonds

Particulars of the Stock Acquisition Rights

(1)          The Value of the Asset to be Contributed to Capital upon Exercise:

              Equal to the principal amount of the Bonds

(2)          Conversion Price:                              ¥1,834

              (For Reference)

              Share Price, etc. on the Pricing Date (30 June 2020)

             (i)            Share Price (Closing Price) on the Tokyo Stock Exchange:   ¥1,734

             (ii)           Conversion Premium

                             [{(Conversion Price)/(Issue Price (Offer Price) of the New Shares) – 1} x 100] = 15.0%

                            *The Conversion Premium is being calculated on the basis of the Issue Price (Offer Price) of the New Shares.


(For Reference)

(1)          The Determination of the Issue Price (Offer Price) for the New Shares

              (i)           Reference Date and Price:                 30 June 2020    ¥1,734

              (ii)           Discount Rate:                                                8.02%


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