Toho Zinc Issues Shares via Rights Exercise Program

MT Newswires Live04-07 17:07

Toho Zinc (TYO:5707) reported the monthly exercise status of its first series of share acquisition rights for March, saying 237,400 shares were delivered as rights were exercised during the period, according to a Tuesday filing on the Tokyo Stock Exchange.

The company said 2,374 units of share acquisition rights were exercised during the month, equivalent to 6.78 percent of the 35,000 units issued, while 32,626 units remained unexercised as of the end of the reporting period.

Cumulative shares delivered under the program stood at 237,400 shares. Toho Zinc said the rights were issued through a third-party allotment to Apricus Partners LLC.

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