1. Purpose of the Stock Split
The objective of the stock split is to enhance the liquidity of IIJ’s common stock and expand its investor base by reducing the trading price per share of IIJ’s common stock. As a result of the stock split, the investment unit amount of IIJ’s common stock will be one half (1/2) of the previous amount.
2. Summary of the Stock Split
(1) Method of the stock split
The stock split shall have a record date of
(2) Number of additional shares as a result of the stock split | |||||
1 | ) | Total number of shares issued before the stock split: | 46,734,600 shares | ||
2 | ) | Number of additional shares as a result of the stock split: | 46,734,600 shares | ||
3 | ) | Total number of shares issued after the stock split: | 93,469,200 shares | ||
4 | ) | Total number of authorized shares after the stock split: | 151,040,000 shares | ||
(Note) Total number of shares issued stated in the above could be increased as a result of exercise of stock acquisition rights. | |||||
(3) Schedule of the stock split | |||||
1 | ) | Public notice date of the record date: | |||
2 | ) | Record date: | |||
3 | ) | Effective date | |||
(Note) For all practical purposes, the record date in substance is | |||||
(4) Others | |||||
1 | ) | There will be no increase in the amount of IIJ’s paid-in capital as a result of the stock split. | |||
2 | ) | Effect of the stock split on year-end dividend forecast The year-end dividend for the fiscal year ending | |||
3 | ) | Adjustment of number of shares to be issued upon exercise of IIJ’s stock acquisition rights Along with the stock split, the number of shares to be issued upon exercise of each stock acquisition right (from 1st series to 10th series) shall be adjusted from 200 shares to 400 shares on and after |
(5) Summary of the American Depositary Receipts (“ADRs”) Ratio Change
1 | ) | Current ratio: | One (1) ADR = One-half (1/2) of one common stock of IIJ (2 ADRs = 1 common stock of IIJ) | ||
2 | ) | New ratio: | One (1) ADR = One (1) common stock of IIJ (1 ADR = 1 share of common stock of IIJ) | ||
3 | ) | Effective date: | |||
4 | ) | Temporarily books closed for ADR issuance & cancellation: | |||
5 | ) | ADR depositary bank: |
3. Partial Amendment to the Articles of Incorporation
(1) Reason for the amendment
Effective
(2) Details of the amendment | (Changes are underlined.) |
Current articles of incorporation | After the amendment |
(Total Number of Shares Authorized to be Issued) Article 6 The total number of shares authorized to be issued by the Company shall be seventy five million and five hundred twenty thousand (75,520,000) shares. | (Total Number of Shares Authorized to be Issued) Article 6 The total number of shares authorized to be issued by the Company shall be one hundred fifty one million and forty thousand (151,040,000) shares. |
(3) Schedule
Effective Date:
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