USS completes share repurchase, announces terms for warrants

Uss Co., Ltd. (TSE:4732) announced the completion of its share repurchase through the off-auction own share repurchase trading (ToSTNeT-3) system on June 25, 2025. This action, executed via SMBC Nikko Securities, involved the purchase of 10,325,900 shares at a total price of JPY15,999,982,050. Concurrently, Uss provided specifics on the 22nd and 23rd series of stock acquisition rights, both linked to a facility share repurchase agreement. The 22nd series warrants allow for the acquisition of up to 10,325,800 shares, contingent on a dynamic formula tied to the average volume-weighted average price (VWAP). The 23rd series has a maximum possible value of JPY15,987,982,049; the final amount will depend on the VWAP at the time of exercise. Both warrant series involve calculations tied to SMBC Nikko's role in the share repurchase and aim to facilitate the acquisition of treasury stock.