Certain Common Stock of Towa Hi System Co., Ltd. are subject to a Lock-Up Agreement Ending on 24-MAR-2021.
March 23, 2021
Share
Certain Common Stock of Towa Hi System Co., Ltd. are subject to a Lock-Up Agreement Ending on 24-MAR-2021. These Common Stock will be under lockup for 89 days starting from 25-DEC-2020 to 24-MAR-2021.
Details:
Shigehisa Ishii, the seller and lender, Emiko Ishii, Shigemasa Ishii, SE Co., Ltd., and Kumiko Inoko, a shareholder of the Company, in connection with this offer and the sale of the underwriter by accepting the purchase transaction. Keiya Kono, Masami Ueyama, Kenji Tan, Mutsuji Takahashi, Takeshi Yamazaki, Morishige Sawada, Goro Fukui, Keiichi Tsuji and Yasuhiro Shibuya will be listed on the lead managing company from the date of the conclusion of the original underwriting contract (starting trading). During the period until March 24, 2021, which is the 90th day after the date (including the day), the sale of the Company's common stock, etc.
In addition, the Towa Hi-System Employee Stock Ownership Association, which is a shareholder of the Company, will contact the lead managing underwriter until June 22, 2021, which is the 180th day after the listing (start of trading) date (including the day) from the date of conclusion of the principal underwriting contract.
Towa Hi System Co Ltd researches, develops, sells, and supports systems for dental clinics. The main product is Hi Dental Spirit XR-10i, an integrated dental electronic medical record system. The Company operates system business for dental hospitals. The integrated system that can centrally manage and operate the core system with electronic medical record function and receipt function by fusing the informed consent function using tablet terminals and the function to promote the efficiency of operation management of the dental clinics. The Company provides one-stop services from research and development of systems for dental clinics to system support. The sales bases are mainly in western Japan, and customers are dental hospitals. The Company purchases equipment from supplier manufacturers, installs the system, and delivers and sells to dental clinics.