The following issue has entered into a grace period pertaining to delisting.
1.Issue Name |
POPLAR CO.,Ltd. stock (Code:7601, Market Segment: Standard Market) |
2.Grace Period (Note) | From Mar. 01, 2022 (Tue.) to Feb. 29, 2024 (Thu.) |
3.Reason |
Due to confirmation of liabilities in excess of assets as of the end of the business year (Feb. 28, 2022) on the consolidated balance sheet in the Securities Report submitted today. |
- ・As the company is deemed to have fallen into liabilities in excess of assets due to the impact of the COVID-19 outbreak, the grace period pertaining to delisting is two (2) years based on the application of the main clause of Rule 601, Paragraph 1, Item (5) of the Securities Listing Regulations prior to the revisions implemented on April 4, 2022, applied with rewording pursuant to the provisions of Rule 725 of the same regulations.
- ・ TSE shall treat issues in the grace period pertaining to the delisting criteria (liabilities in excess of assets) for the old market segments as issues that have been in the improvement period pertaining to the delisting criteria for the new market segments from the day when the issues entered the grace period. (Article 2, Paragraph 9 of the Supplementary Provisions of the Securities Listing Regulations, implemented on April 4, 2022)
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Japan Exchange Group Inc. published this content on 26 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2022 07:11:25 UTC.