Japan Electronic Materials Corporation announced that it has entered into an agreement for a private placement of 20,000 1st stock acquisition rights at an issue price of ?231 per right for gross proceeds of ?4,620,000 on November 12, 2020. The transaction will include participation from new investor, Morgan Stanley MUFG Securities Co., Ltd., Investment Arm. The company is issuing rights through third-party allocation method. Each right is exercisable into 100 shares at a minimum exercise price of ?1,285 or at an initial exercise price of ?1,606 from December 1, 2020 to November 30, 2022. The transaction has been approved by board of directors of the company. The allocation date of rights is November 30, 2020.