In the event that new stock are offered with stock split, etc., of the issues eligible for loans for margin transactions (standardized margin transactions), JSF will handle bidding for the rights on the new stock on the ex-rights day, in order to dispose the rights associated with the loans for margin transactions of said issues. (Note)
| (Note) |
In paid-in capital increase, subscription warrant to be issued can be received. |
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Investors who wish to subscribe these new stock are advised to contact their associated securities company, ensuring that the number of new stock allocated is integer multiples of trading units, within the limits of their open buying positions, on the last day with rights (the closing time to be determined by each associated securities company).
(The application is accepted on the basis of original stocks and not for the number of new stock to be allocated. This application cannot be placed directly at JSF. )
The subscribing request may not be granted if the number of new stock applied exceeds the number of over-loan stocks at JSF or if there is net over-lent at JSF.
Investors who apply for subscribing new stock and are given new stock
need to pay to their associated securities company the subscribing price (subscription
right value ~ the number of stock) by the date of the new stock allocation. (Because
securities companies may have different procedures, please contact your associated
securities company in advance for details). The price of subscription right, etc.,
should be determined on the ex-rights day by bidding for rights at JSF.
(Note)
| (Note) |
When there are more applications to subscribe new stock than the number of over-loan stocks at JSF, the subscribing price is determined by using the price of rights that is calculated by a method determined separately. In this case, no bidding for rights is conducted. |
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When investors are entitled to new stock, an issuing corporation initiates the procedures for sending new stock certificates, which an associated securities company (investor) should receive within about 2 months. These new stock certificates cannot, therefore, be sold by regular trading immediately after they have been underwritten, but investors may sell them in a "when-issued" transaction or in margin transaction. |