Pepper Food Service Co., Ltd. announced that it expects to receive ¥19.396 million in funding from SMBC Nikko Securities Inc., Investment Arm
December 26, 2019
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Pepper Food Service Co., Ltd. (TSE:3053) announced a private placement of 52,000 10th stock acquisition rights at an issue price of ¥373 per stock acquisition right for gross proceeds of ¥19,396,000 on December 27, 2019. The transaction will include participation from SMBC Nikko Securities Inc., Investment Arm. Each 10th stock acquisition right is exercisable into 100 common shares at a initial exercise price of ¥1,332 and will receive proceeds of ¥6,945,796,000 post exercise. The stock acquisition rights are issued through a third party allotment method. The exercise period of stock acquisition right is from January 16, 2020 to January 31, 2023. The transaction has been approved by the board of directors and is expected to close on January 15, 2020.
Pepper Food Service Co Ltd is a Japan-based company mainly engaged in the operation of restaurants. The Company operates through four business segments. The Ikinari! Steak Business segment is engaged in the operation of charcoal-grilled steak restaurant Ikinari! Steak, operated directly by the group, a franchise, or a consignment business. The Pepper Lunch Business segment has three businesses: franchise business, direct management business and consignment business. It operates stores such as Pepper Lunch, Pepper Lunch Diner, 92's and food court type Charcoal-grilled Hamburg Steak Kuni, Tokyo 634 Burg, Musashi Hamburg. The Restaurant Business segment operates custom-cut steak restaurants, tonkatsu stores, beef tongue restaurants and others as a direct management, franchise and consignment business of the group. The Product Sales Business segment sells ingredients such as tonkatsu sauce, frozen pepper rice, dressing, and lux ham, as well as chopsticks.
PEPPER FOOD SERVICE CO., LTD. 