News Release: ARDEPRO Co., Ltd. (8925 TSE Second Section)

December 30, 2016

Notice Concerning Expiration of No. 7 Subscription Rights to Shares and Recording of Extraordinary Income

ARDEPRO Co., Ltd. ("the Company") has announced that the Company will record extraordinary income due to a gain on reversal of subscription rights to shares, as No. 7 subscription rights to shares issued on December 29, 2014 ("the subscription rights to shares") expired as of December 29, 2016.

  1. Outline of the Subscription Rights to Shares

    1. Name of the subscription rights to shares: ARDEPRO Co., Ltd. No. 7 subscription rights to shares

    2. Type of shares underlying the subscription rights to shares: 100 common shares per the subscription rights to shares

    3. Number of subscription rights to shares issued: 229,753

    4. Exercise price: 174.1 yen

    5. Exercise period: From December 29, 2014 until December 29, 2016 (6) Allotted party: EVO FUND 229,753

    6. Exercise Result of the Subscription Rights to Shares

      1. Number of the subscription rights to shares exercised: 0

      2. Number of the subscription rights to shares unexercised: 229,753

      3. Exercise Result of the Subscription Rights to Shares Unexercised

        A total of 229,753 of the subscription rights to shares unexercised have expired due to the exercise period pursuant to provisions of Article 287 of the Companies Act. As a result, 2,297,300 dilutive securities (9.69% of 237,063,105 standard shares outstanding) have expired. Moreover, combined with the 12,636,415 dilutive securities announced by the Company today in the press release entitled "Notice Concerning Execution of the Partial Early Redemption of No. 3 Zero Coupon Convertible Bonds and Correction of 'Notice Concerning Partial Early Redemption of No. 3 Zero Coupon Convertible Bonds,'" 35,611,715 dilutive securities (15.02% of the above total) have expired.

      4. Recording of Extraordinary Income

        5. In accordance with the expiration of the exercise period of the subscription rights to shares, the Company will record 93 million yen of the gain on reversal of subscription rights to shares as extraordinary income in the second quarter of the fiscal year ending July 30, 2017.

      ARDEPRO Co. Ltd. published this content on 30 December 2016 and is solely responsible for the information contained herein.
      Distributed by Public, unedited and unaltered, on 11 January 2017 05:03:01 UTC.

      Original documenthttp://www.ardepro.co.jp/files/en/news/2016/1230_02.pdf

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