Polaris Holdings Co., Ltd (JP:3010) has released an update.
Polaris Holdings Co., Ltd. has announced the complete exercise of its 2021 Series 2 Stock Acquisition Rights (SARs), resulting in an issuance of 3,800,100 new shares and achieving a tradable share ratio of 26.3%, thereby expecting to meet the Tokyo Stock Exchange’s continued listing criteria. The exercise, completed by Deutsche Bank Aktiengesellschaft, London, has significantly improved Polaris’ market capitalization and tradable share ratio since June 2021.
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