Certain Common Shares of Tokai Soft Co., Ltd. are subject to a Lock-Up Agreement Ending on 25-AUG-2019.
August 24, 2019
Share
Certain Common Shares of Tokai Soft Co., Ltd. are subject to a Lock-Up Agreement Ending on 25-AUG-2019. These Common Shares will be under lockup for 180 days starting from 26-FEB-2019 to 25-AUG-2019.
Details:
In relation to the offering and the sale by underwriter purchase, seller Takashi Mizutani, share lender Shinsuke Mizutani, and company shareholders Hidekazu Ito, Minoru Okawa, Masami Nagao, Resona Bank, Limited, Ogaki Kyoritsu Bank, Ltd., MUFG Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited, Ryu Nakahara, Motoko Mizutani and Kazuhiro Yamashita made an agreement with the lead manager that no sale, etc. of common shares would be done without a prior written consent from the lead manager, during the period which starts on the underwriting agreement signing date, and ends on May 27, 2019 i.e., the 90th day after listing.
In addition, company shareholder Tokai Soft Co., Ltd. ESOP made an agreement with the lead manager that no sale, etc. of common shares would be done without a prior written consent from the lead manager, during the period which starts on the underwriting agreement signing date, and ends on August 25, 2019 i.e., the 180th day after listing.
TOKAI SOFT CO.,LTD. is an independent software development company. The Company mainly provides services related to software contract development and software development. The Company operates Software Development segment and is classified into three businesses, including embedded related business, manufacturing, distribution and business system related business, and finance and public related business. The embedded related business conducts the vehicle releted development business, as well as the consumer and industrial equipment related development business. The manufacturing, distribution and business system related business conducts the manufacturing and distribution system related development and business system related development business. The finance and public related business is engaged in the software development for major financial institutions and software development of various ministries and agencies, local governments, universities, public corporations.