Certain Common Shares of Nippon Carbide Industries Co., Inc. are subject to a Lock-Up Agreement Ending on 4-MAR-2023.
March 03, 2023
Share
Certain Common Shares of Nippon Carbide Industries Co., Inc. are subject to a Lock-Up Agreement Ending on 4-MAR-2023. These Common Shares will be under lockup for 180 days starting from 5-SEP-2022 to 4-MAR-2023.
Details:
MUFG Bank, Ltd., the seller, and Mitsubishi UFJ Trust and Banking Corporation, a shareholder of the Company, will notify Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. During the period beginning and ending on the 180th day from the delivery date of the secondary offering by the underwriter (hereinafter referred to as the "lock-up period"), according to the prior written notice of Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. It has been agreed that, in principle, we will not sell, etc., our common shares without consent (excluding, however, sales, etc. by way of secondary offering by underwriting by the underwriters).
In addition, during the lockup period, the Company will ask Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. to issue or dispose of the Company's common stock, or sell the Company's common stock without the prior written consent of Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Agreed not to issue securities to be converted or exchanged or to issue securities with the right to acquire or receive shares of common stock of the Company (excluding issuance of shares of common stock of the Company through a stock split). We are here. In any of the above cases, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. has the authority to cancel all or part of the agreement at its discretion even during the lockup period.
NIPPON CARBIDE INDUSTRIES CO., INC. is a Japan-based company engaged in the manufacture and sale of chemical products, electronic materials and construction materials. The Company operates in four business segments. The Chemical Products segment is engaged in the manufacture and sale of fine chemical products, melamine resins, adhesives, marking film, sticker and packaging film. The Electronic and Optical products segment is engaged in the manufacture and sale of retroreflective sheet, ceramic substrate, thick film printed products, the printed circuit board. The Construction Materials segment is engaged in the manufacture and sale of residential aluminum building materials. The Engineering segment is engaged in the design and construction of industrial plants.