J Frontier Co.,Ltd. announced a private placement of 4th, 5th and 6th stock acquisition rights for aggregate gross proceeds of Ñ10,417,146, on October 14, 2022. The transaction will include participation from UBS AG, London Branch, Asset Management Arm. The company will issue 4,167 4th stock acquisition rights at an issue price of Ñ2,288 per right for gross proceeds of Ñ9,534,096, 1,389 5th stock acquisition rights at an issue price of Ñ550 per right for gross proceeds of Ñ763,950 and 1,191 6th stock acquisition rights at an issue price of Ñ100 per right for gross proceeds of Ñ119,100. The stock acquisition rights will be issued through third party allotment.
The stock acquisition rights can be exercised from trading day after allocation date to November 7, 2025. The 4th stock acquisition rights can be exercised into 416,700 shares at an exercise price of Ñ2,400, 5th stock acquisition rights can be exercised into 138,900 shares at an exercise price of Ñ3,600 and 6th stock acquisition rights can be exercised into 119,100 shares at an exercise price of Ñ4,200 for an approximate net proceeds of Ñ2,002,757,146.
The expected date of payment is November 7, 2022 or November 9, 2022, which will be the 16th day counting from the day after the condition determination date, that is, between, October 20, 2022 and October 24, 2022. The transaction has been approved by board of directors of the company.