Kyushu Railway finalizes terms for stock acquisition rights

Kyushu Railway Company announced the finalized terms for the issuance of its 1st Series of Stock Acquisition Rights tied to its ASR program. The move follows a repurchase conducted earlier through Off-Auction Own Share Repurchase Trading (ToSTNeT-3) on the Tokyo Stock Exchange. The stock acquisition rights have an upper limit of 1,883,800 shares. The number of shares to be delivered upon exercise will be calculated using a formula that takes into account a "Reference Number of Shares" of 1,883,800 and a "Reference Amount" of JPY7,267,700,400. The calculation also incorporates an "Average Share Price" based on VWAP values and dividend adjustments during the specified period. The specifics were determined following a Board of Directors meeting on May 9, 2025, with details outlined in a prior press release.