Certain Common Stock of Toumei Co.,Ltd. are subject to a Lock-Up Agreement Ending on 30-DEC-2020.
December 29, 2020
Share
Certain Common Stock of Toumei Co.,Ltd. are subject to a Lock-Up Agreement Ending on 30-DEC-2020. These Common Stock will be under lockup for 180 days starting from 3-JUL-2020 to 30-DEC-2020.
Details:
The sellers Fumihiko Yamamoto, Naoto Hibino and Shinichi Naoi, and the shareholders of the Company, Makoto Sekiyama and Shigeto Watanabe, have decided the selling price etc. to Tokai Tokyo Securities Co., Ltd. During the period beginning on the day and ending on the 180th day from the delivery date of the sale by the underwriter's purchase transaction, without prior written consent of Tokai Tokyo Securities Co., Ltd. However, it does not sell the common stock of the Company due to the execution of collateral rights that Mie Bank Co., Ltd. has set up on April 27, 2018. In addition, the equity group, which is a shareholder of the Company, tells Tokai Tokyo Securities Co., Ltd. the period ending on the 90th day from the delivery date of the sale by the underwriting purchase transaction of the underwriter. They have agreed that they will not sell our shares without the prior written consent of Tokai Tokyo Securities Co., Ltd. In addition, the Company will inform Tokai Tokyo Securities Co., Ltd. during the period starting on the day when the selling price etc. is determined and ending on the 180th day from the delivery date of the sale by the underwriter's purchase transaction Without the prior written consent of the Company, issuance of the Company's shares, issuance of securities converted or exchanged for the Company's shares, or issuance of securities granted the right to acquire or receive the Company's shares, etc. (Excluding the issuance of new shares through a three-way allotment, the issue of new shares through a stock split, the issue of stock acquisition rights as stock options, and the delivery of common stock of the Company by exercising the rights of stock acquisition rights, etc.). In any of the above cases, Tokai Tokyo Securities Co., Ltd. has the right to cancel all or part of the contents of the agreement at its discretion even during the lockup period.
TOUMEI.CO.,LTD. is a Japan-based company mainly provides office-related services. The Company mainly operates in three segments. The Office Hikaru 119 segment is engaged in the sale of the Companyâs brand Office Hikaru 119 which provides the one-stop office-related services including optical collaboration service to small medium enterprise (SME) and individual employers, besides it is also doing business as an agent of the NTT Group to handle optical line services. The Office Solution segment is engaged in the sale of information communication equipment such as business phones, unified threat management (UTM) equipment, network compatible multifunction machines, light emitting diode (LED) lighting equipment, electric lights and the providing of Rentakun services. The Financial Planning segment is engaged in the visiting shop insurance brokerage. Other business includes real estate leasing business.