Subscription of New Stocks
In the event that new stocks in a ratio other than integer multiples are allocated with stock split, etc., or subscription warrants are allocated of the issues eligible for Loans for Margin Transactions (issues eligible for standardized margin transactions), JSF accepts applications of bidding for the subscription rights on the new stock on the ex-rights day, in order to handle the rights associated with the Loans for Margin Transactions of the said issues.
Investors who wish to subscribe these new stocks are advised to make applications to their securities company, ensuring that the number of new stock to be allocated is of integer multiples of trading units, within their open buying positions, on the last day with rights (the closing time to be determined by each securities company).
(The application is accepted on the basis of the number 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 total subscriptions exceed the number of over-loan stocks at JSF or if Loans for Margin Transactions are net over-lent at JSF.
Investors whose subscriptions are accepted need to pay to their securities company the subscribing price (subscription right value multiplied by the number of stock) by the date of the new stock allocation. (Because securities companies may have different procedures, please contact your securities company in advance for details). The rights value should be determined on the ex-rights day by Bidding for Rights at JSF. (note)
Investors who wish to subscribe these new stocks are advised to make applications to their securities company, ensuring that the number of new stock to be allocated is of integer multiples of trading units, within their open buying positions, on the last day with rights (the closing time to be determined by each securities company).
(The application is accepted on the basis of the number 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 total subscriptions exceed the number of over-loan stocks at JSF or if Loans for Margin Transactions are net over-lent at JSF.
Investors whose subscriptions are accepted need to pay to their securities company the subscribing price (subscription right value multiplied by the number of stock) by the date of the new stock allocation. (Because securities companies may have different procedures, please contact your securities company in advance for details). The rights value 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 rights value is determined by using the price of rights that is calculated by a method determined separately by JSF. In this case, no Bidding for Rights is conducted. |
When investors are entitled to new stocks, securities companies (investors) receive such stocks on the next business day after the record date. .