VLC Holdings Co., Ltd. announced that it expects to receive ¥264.9 million in funding from Macquarie Bank Limited
June 24, 2018
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VLC Holdings Co., Ltd. (NSE:2467) announced a private placement of 12,000 3rd series warrants, 2,900 4th series warrants at a price of ¥1,000 each together for gross proceeds of ¥14,900,000 and 1st series unsecured bonds for gross proceeds of ¥250,000,000 together for aggregate gross proceeds of ¥264,900,000 on June 25, 2018. The transaction will involve participation from Macquarie Bank Limited. The warrants can be exercised into 100 common shares each at an exercise price of ¥463 between July 12, 2018 and July 10, 2020. The warrants will be issued by a way of third party allotment. The bonds will mature on July 10, 2019. The company reported issuance expenses of ¥54,099,000 including ¥3,000,000 warrant value calculation, ¥5,240,000 registration license tax, and securities registration fees of ¥1,715,000. The transaction is expected to close on July 11, 2018. The transaction has been approved by the board of directors.
VLC Holdings Co Ltd is a Japan-based company mainly engaged in the security business and marketing business. The Company operates through two business segments. The Marketing segment is engaged in the provision of marketing research service and sales promotion service and advertising agency services. The Security segment is engaged in the provision of information security certification consulting service, and cyber security solution service, including cyber security training services and vulnerability diagnosis services.
VLC HOLDINGS CO., LTD. 
