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    3984   JP3944410004

USER LOCAL, INC.

(3984)
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User Local : Announcement of Share Split

05/13/2021 | 04:30am EDT

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

May 13, 2021

Company name:

User Local, Inc

Representative: Masao Ito, President CEO

Code:

3984, Tokyo Stock Exchange

First Section

Contact:

Daisuke Iwamoto, CFO

TEL:

+81-364352167

Announcement of Share Split

User Local, Inc (the "Company") hereby announces that at its Board of Directors meeting held on May 13, 2021, the Company resolved to conduct a share split ("Share Split"). Details are as follows.

1. Purpose of the Share Split

The purpose of the share split is to expand the investor base by increasing the liquidity of our shares and developing an environment for investors to invest in our shares more easily through the reduction of the investment amount per investment unit of our shares.

2. Overview of the Share Split

  1. Split method

The Company will conduct a two-for-one share split of our common shares owned by shareholders who are stated or recorded in the final shareholder registry on Wednesday, June 30, 2021, with this day as the record date.

  1. Number of shares to be added by the share split

Total number of shares outstanding before the share split: 7,913,500

Number of shares to be added by the share split this time: 7,913,500

  • Total number of shares outstanding after the share split: 15,827,000 Total number of authorized shares after the share split: 26,000,000

The number above is based on the calculation using the total number of shares outstanding as of May 12, 2021. It may be added due to the exercise of the subscription rights during the period between this Board of Directors meeting and the record date for the stock split.

(3) Schedule

Announcement date of the record date: Tuesday, June 15, 2021

Record date:

Wednesday, June 30, 2021

Effective date:

Thursday, July 1, 2021

(4) Change of the amount of capital stock

The amount of capital stock will not change as a result of the share split this time.

(5) Adjustment of the exercise price of subscription rights to shares

In association with the share split, the Company will make an adjustment to the exercise price of subscription rights to shares issued by the Company after July 1, 2021 as follows:

Before Adjustments

After Adjustments

3rd series of subscription rights

525 Yen

263 Yen

to shares

4th series of subscription rights to

525 Yen

263 Yen

shares

5th series of subscription rights to

650 Yen

325 Yen

shares

Disclaimer

User Local Inc. published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2021 08:29:04 UTC.


ę Publicnow 2021
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Financials
Sales 2021 2 070 M 18,8 M 18,8 M
Net income 2021 560 M 5,10 M 5,10 M
Net Debt 2021 - - -
P/E ratio 2021 57,6x
Yield 2021 0,12%
Capitalization 32 398 M 295 M 295 M
Capi. / Sales 2021 15,7x
Capi. / Sales 2022 13,3x
Nbr of Employees 69
Free-Float 40,7%
Chart USER LOCAL, INC.
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Technical analysis trends USER LOCAL, INC.
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Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 2 055,00 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Masao Ito President & Representative Director
Daisuke Iwamoto CFO, Director & Manager-Administration
Shunsuke Mikami Chief Technology Officer
Kazuyuki Watanabe COO, Director & Manager-Corporate Sales
Takao Ozawa Independent Outside Director
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