April 14, 2022
Name of Company: | NEXON Co., Ltd. |
Representative: | Owen Mahoney, Representative Director, Chief |
Executive Officer and President | |
(Stock Code: 3659, TSE Prime Market) | |
Contact: | Shiro Uemura, Representative Director and |
Chief Financial Officer | |
Telephone: | 03-6629-5318 |
Notice on Partial Payment and the Status of Applications for the Issuance of New Shares by Third Party Allotment
NEXON Co., Ltd. ("Nexon") announced today that the partial payment procedures for the issuance of new shares (the "New Shares") based on "Issuance of new shares by third party allotment (2)" has been completed, which were resolved at the extraordinary general meeting of shareholders held on September 25, 2019. The details are as follows.
1. Completion of the partial payment procedures for the issuance of the New Shares
With regards to the issuance of the New Shares, partial payment procedures have been completed by the due date, as below:
(1) Class of stock and number of new shares | Common stock 355,673 shares |
(2) Payment amount | 1 yen per share |
(3) Total payment amount | 355,673 yen This offering of New Shares is made in exchange for in-kind contribution of shares of common stock of Embark Studios (11,434,647 shares) as consideration, and no cash payment is made. |
(4) Amount of capital increase | 540,622,960 yen (1,520 yen per share) |
(5) Amount of increase in capital reserve | 540,622,960 yen (1,520 yen per share) |
(6) Offering or allotment method | By means of third party allotment |
(7) Payment date | Wednesday April 13, 2022 |
(8) Allottees and number of shares allotted | The New Shares shall be allotted by third party allotment to 25 employees of Embark Studios, who hold stock options of Embark Studios, in proportion to their stock option holding ratio. (All allottees are employees of the said company. See below.) |
(Notes) 1. "Payment amount" and "Total payment amount" are shown based on the payment amount as such term is prescribed in Article 199, Paragraph 1, Item 2 of the Companies Act.
2. "Amount of capital increase" and "Amount of increase in capital reserve" are shown pursuant to Article 445, Paragraph 1 of the Companies Act and Article 14, Paragraph 1 of the Ordinance on Accounting of Companies, as well as other applicable accounting standard.
[Note: The personal information for each employee is omitted.]
Allottee | Number of shares allotted |
Total number of shares | 355,673 shares |
Total number of shares outstanding before the issuance of the New Shares | 899,520,469 shares (Amount of capital before the issuance: 34,845,735,371 yen) |
Number of the New Shares issued | 355,673 shares (Amount of capital increase due to the issuance: 540,622,960 yen) |
Total number of shares outstanding after the issuance of the New Shares | 899,876,142 shares (Amount of capital after the issuance: 35,386,358,331 yen) |
(Note) "Total number of shares outstanding before the issuance of the New Shares" shows the total number of shares outstanding and the amount of capital as of March 31, 2022.
2. Status of applications for the issuance of the New Shares
Of the planned allottees of this issuance, those allottees listed in the following table will not receive allocation due to the forfeiture before Wednesday, April 13, 2022. Therefore, the maximum number of shares to be issued as the New Shares will be 97,844 shares.
[Note: The personal information for each employee is omitted.]
Forfeited Allottee | Number of shares allotted |
Total number of shares | 56,454 shares |
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Nexon Co. Ltd. published this content on 14 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2022 00:24:09 UTC.