Market News
Oct. 26, 2023 TSE Designation of Securities Under Supervision (Confirmation): amana inc.
TSE has designated an issue as Securities Under Supervision (Confirmation) as follows.
*Some elements of the below items have been revised from October of this year.
| １．Issue Name | amana inc. stock (Code: 2402, Market Segment: Growth Market) |
| ２．Period of Designation as Securities Under Supervision (Confirmation) |
From Oct. 26, 2023 (Thu.) to the day when TSE determines whether the company has fallen under the delisting criteria |
| Reason (Related Clause) |
Due to falling under a case where the board of directors has made a resolution on a reverse stock split with a split ratio at which the number of all the shares owned by shareholders other than a specified party will be less than one share (Enforcement Rules for Securities Listing Regulations, Rule 604, Paragraph 1, Item (24)) |
| ３．Details of Reason | Today, amana inc. (hereinafter "the Company") has announced that the Company plans to submit a proposal at the upcoming general shareholder meeting for a reverse stock split with a split ratio at which the number of all the shares owned by shareholders other than a specified party will be less than one share, on condition of the issuance of new shares to Infinity brand capital Co.,Ltd through a third-party allotment (hereinafter "the issuance of new shares"). If the agenda item is approved in a resolution at the general shareholders meeting of the Company and the issuance of new shares is implemented, the stock of the Company will be delisted. As such, TSE deems that the stock of the Company is likely to be delisted and designates such stock as Securities Under Supervision (Confirmation). |
Designation History of Securities Under Supervision & Securities to Be Delisted
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